Despite coming to market at what has traditionally been a quieter time of the year, the recent spate of government-backed securitizations to hit the market have found a healthy buyside appetite.

"In general, these deals have been very well subscribed by real-money accounts due to their high credit quality and yields that are generally a little bit wider than where similar agency (FHLMC Golds/FNMA) CMOs would trade," said Scott Buchta, head of investment strategy at Braver Stern Securities.

The Federal Deposit Insurance Corp. (FDIC) this week announced a series of resecuritizations of residential and commercial real estate debt.

The RMBS resecuritizations have been marketed as two separate deals. One deal has been offered as a 3.6-year, $160 million bond and the second deal has been 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.

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