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Extending the securitization safe harbor

  • Morrison & Foerster LLP
  • -
  • USA
  • -
  • June 4 2010

The FDIC voted to extend the safe harbor provided under 12 C.F.R. 360.6 until September 30, 2010, from the FDIC’s ability, as conservator or receiver, to recover assets securitized or participated out by an insured depository institution