Welcome, guest

Euromoney’s 2012 FX survey results

Access the results now

EuromoneyFXNews.com

Sign up to receive free alerts from our foreign exchange news service

Join us

Advanced search

Deals of the year 2010: FDIC $4 billion multi-tranche structured sale guaranteed note

by Peter Lee, Hamish Risk

Mortgage securitization markets have been practically frozen since 2008, largely because of the overhang of distressed assets that sit on the balance sheets of banks and the main mortgage agencies Fannie Mae and Freddie Mac, both of which now sit under US government conservatorship. For the Federal Deposit Insurance Corp, which has absorbed the assets of 324 failed banks since the beginning of 2008, the challenge was to dispose of its most distressed assets and rebuild its deposit insurance fund without further depressing prices in the underlying market.

The rest of this article is available to subscribers only

Please Subscribe below.
Already a subscriber? Log in here.

Related articles

Download the Free Euromoney iPad app today

Home | Mobile site | Contact Us | Subscribe | Capital markets | FX/Treasury | Investment | Regions & Emerging markets | Surveys and awards | Back issues | Euromoney store | Useful links & Related events | Site Map | Cookies | Do more with Euromoney |

RSS Feed | Change font size:

The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms and Conditions, Privacy Policy before using the site.

All material subject to strictly enforced copyright laws. © 2012 Euromoney Institutional Investor PLC.