FDIC Brainstorming Securitization of Billions of Dollars of Mortgage Assets From Failed Banks
January 29, 2010
The Federal Deposit Insurance Corp. is working on a way to securitize billions of dollars of mortgage-related assets on its books from failed banking institutions – an effort that could help revitalize non-conforming securitizations and the secondary markets. The agency is trying to unload about $36 billion of troubled bank assets via a securitization pro-gram, according to one press report, and is said...