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FDIC closes $1.8 billion private securitization of senior notes backed by RMBS

  • Alston & Bird LLP
  • -
  • USA
  • -
  • March 12 2010

Today, the Federal Deposit Insurance Corporation (FDIC) announced the close of a Rule 144A sale of $1.8 billion principal amount of notes backed by 103 non-agency residential mortgage-backed securities (RMBS) from seven failed bank receiverships