FDIC Sees RMBS Deal As Template July 26, 2010

--Amelia Granger
The Federal Deposit Insurance Corporation intends its planned $500 million new residential mortgage-backed securitization to be a template for deals to qualify for its safe harbor provisions, according to FDIC spokesman David Barr. Barr told TS on Monday that the industry could look to the issuance as a template in terms of stricter reporting and disclosure standards.
The deal is different from a typical RMBS ...

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