The Federal Deposit Insurance Corp (FDIC) is seeking proposals from Wall Street dealers to help issue commercial mortgage-backed securities with loans saddling failed bank balance sheets, according to an FDIC document. Dealers have until August 20 to submit their plans under the FDIC’s request for proposal, a copy of which was obtained by Reuters. An FDIC spokesman declined to comment.
FDIC seeks CMBS underwriters
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Opinion: What is the public actually getting for $7.3B in housing subsidies?
The Federal Home Loan banks receive billions annually in subsidies, but are skirting their responsibility to support our nation’s housing troubles, argues Sharon Cornelissen, Director of Housing at the Consumer Federation of America.