FDIC Closes on Pilot Securitization of Performing Single-Family Mortgages from 16 Failed Banks
By FDIC -

Washington, DC – July 30, 2010 – (RealEstateRama) — The Federal Deposit Insurance Corporation (FDIC) today closed on a sale of securities as part of a securitization backed by approximately $471.3 million of performing single-family mortgages from 16 failed banks.


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FDIC
http://www.fdic.gov/

Congress created the Federal Deposit Insurance Corporation (FDIC) in 1933 to restore public confidence in the nation’s banking system. The FDIC insures deposits at the nation’s 8,246 banks and savings associations and it promotes the safety and soundness of these institutions by identifying, monitoring and addressing risks to which they are exposed. The FDIC receives no federal tax dollars – insured financial institutions fund its operations.

Contact:

1776 F St., NW,
Washington, DC  20006
Toll-free: 877-ASKFDIC (877-275-3342),
TDD: 800-925-4618

Media
Jay Rosenstein
Phone: (202) 898-7303

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