FDIC Plans Another Mortgage Security Issuance With Some Resemblance to Safe Harbor Criteria
July 30, 2010
The Federal Deposit Insurance Corp. plans to go ahead and issue guaranteed senior certificates backed by approximately $500 million of home mortgages it has acquired from failed banking institutions, as per the agency’s pilot securitization program, after getting a green light from the Securities and Exchange Commission earlier this month. “The [SEC Division of...