For months, the Federal Deposit Insurance Corporation, which had shut down such banks as Silicon Valley, Signature, and First Republic, has been looking to sell off assets to help cover the costs of the closures.
Just last week, the FDIC announced that the $33 billion CRE loan portfolio that came out of Signature Bank's failure this year was now for sale.
But a Bloomberg report says that $12.7 billion in mortgage-backed securities that had come from Silicon Valley and Signature hasn't been gaining traction with potential buyers.
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