TITLE

Will Market Copy FDIC's New Model For MBS?

AUTHOR(S)
Adler, Joe
PUB. DATE
August 2010
SOURCE
American Banker;8/3/2010, Vol. 175 Issue 118, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article examines U.S. efforts to revitalize the market for mortgage-backed securities. The sale of $400 million of mortgage-backed securities by the Federal Deposit Insurance Corp. (FDIC), which were part of the assets of failed banks seized by the agency, is considered. Financial services industry officials state that the FDIC's auction has little relevance to the private market for such derivative securities, since the agency guaranteed the value of the securities it sold.
ACCESSION #
52672009

 

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