FDIC Sells $10.5B In Former SVB Debt Backed By Apartments - Bisnow

Retrieved on: 2024-03-19 17:39:43

Tags for this article:

Mortgage industry of the United States

Structured finance

United States housing bubble

Mortgage-backed security

Financial capital

Silicon Valley Bank

Government National Mortgage Association

Signature Bank

Federal Deposit Insurance Corporation

Agency security

Collateralized debt obligation

The Federal Deposit Insurance Corp

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FDIC Sells $10.5B In Former SVB Debt Backed By Apartments - Bisnow. View article details on HISWAI: https://www.bisnow.com/national/news/multifamily/fdic-offloads-105b-in-debt-backed-by-apartments-123395

Summary

BlackRock assisted the FDIC in selling Silicon Valley Bank's assets, including mortgage-backed securities, avoiding market disruption by offloading Ginnie Mae loans without a public fire sale. This relates to structured finance and financial stability efforts in the U.S. mortgage industry.

Article found on: www.bisnow.com

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