FDIC Plans to Sell $1 Billion of Bonds Tied to Real Estate

Real Estate Agent with Pacific Sun Capital - Commercial Bridge Loans & Investments

The Federal Deposit Insurance Corp.
plans to sell almost $1 billion of
securities tied to residential and
commercial real-estate debt once
held by failed banks, according to
a person familiar with the transaction.

Read more on this story from
Bloomberg here


You can instantly receive news
updates like this via the RSS feed
for the main blog on our website.

On our blog we share more in depth
stories as well as regular video
news posts.

By subscribing to the RSS feed
you'll always get instant notification
whenever a news story or video has
been shared on our websites main blog.


PacSun - bridge loans, commercial hard money loans, bridge financing 

Pacific Sun Capital is a private funding source of bridge loans and commercial hard money loans. To learn more about our commercial bridge financing and debtor in possession financing programs, or to request either a bridge loan or hard money loan please visit our commercial real estate website which outlines the details of our bridge fund and the types of bridge capital we offer. We also buy and sell commercial notes.

If you need a Texas bridge loanFlorida bridge loanCalifornia bridge loan, or bridge financing in any other primary tier 1 market or secondary market please contact us by visiting our commercial website.

Comments (2)

Fred Griffin Tallahassee Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

This may put a nail in the coffin of any attempted "Principal Reduction" that was being promoted by various Politicians, Consumer Advocates and Trade Groups.

Any attempt to reduce the Value of the Mortgages and Financing that are behind Mortgage Backed Securities, including Bonds, would de-value said Bonds and Securities.  There will be no "Principal Reduction".

Dec 17, 2010 09:55 AM
Joe Kelly
Pacific Sun Capital - Commercial Bridge Loans & Investments - Houston, TX
Bridge Loan Financing - Commercial Hard Money Loans

FDIC is definitely in a spot. Further deleveraging such as the discounted bulk sale of said securities is likely which tightens the noose on the same banks FDIC is trying to help or atleast trying to avoid shutting down. It's a slippery slope and a deflationary impact seems inevitable even if Bernanke did drop cash from a copter.

Dec 21, 2010 07:02 AM