FDIC Moves Another Securitization Backed by Assets From Failed Banks
April 23, 2010
The Federal Deposit Insurance Corp. this week issued $1.81 billion in notes backed by performing and non-performing construction loans, residential mortgages and real estate owned assets the agency held in its capacity as receiver for two failed banks. The transaction is expected to help recover a decent sum for the deposit insurance fund, and could give a boost to...