SOURCE: Wall Street Journal

It seemed almost inevitable, now we'll cross our fingers and hope for the best in the commercial mortgage industry. Will we see the return of more available capital, even with tighter lending restrictions?

Investors cheered the U.S. government's seizure of the nation's two troubled mortgage giants, with stock markets rallying in the U.S. and abroad and mortgage rates falling. But obstacles remain if the Treasury's takeover of Fannie Mae and Freddie Mac is to succeed.

Meanwhile, new details emerged of the pressures that led up to Treasury's plan to take the reins of the troubled companies. In the weeks before the government's intervention, nervous foreign finance officials barraged Treasury Secretary Henry Paulson and Federal Reserve officials to find out what was happening with the mortgage giants, according to people familiar with the matter.

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