FDIC Makes Foray into Non-Agency MBS As Pricing Proceeds on $1.8 Billion Offering
March 12, 2010
The Federal Deposit Insurance Corp. is making some progress in getting rid of failed institutions’ troubled mortgage assets via private placements after putting on hold the legacy loan pilot program that was launched last year. Late last week, the FDIC dipped its toe in the water of non-agency securitization with the first of three expected issuances, with considerably tight pricing on a...