The Federal Deposit Insurance Corp. (FDIC) is in the market again with resecuritizations of residential and commercial real estate debt.
The RMBS resecuritizations are marketed as two seperate deals. One deal is offered as a 3.6-year, $160 million bond and the second deal is marketed as a $137.7 million bond, according to Societe Generale analysts. An additional $679 million of bonds are tied to commercial property debt, according to a Bloomberg report.
The agency is selling guaranteed notes backed by the debt from three securitization transactions managed by Barclays Capital, according to the Bloomberg report.
