New preliminary details have surfaced on a potential MBS issuance by the Federal Deposit Insurance Corp. (FDIC). 

Published reports identified Royal Bank of Scotland (RBS) as the underwriter for the upcoming sale. A spokesman from RBS declined to comment at this time. 

National Mortgage News, an ASR sister publication, reported on the deal on July 9. The FDIC plans to issue $500 million of MBS backed by performing residential home loans by the end of the month through a private placement deal, sources confirmed.

According to the regulator, this may be one of many coming deals for the agency, which began issuing bonds in the 1990s.

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