WASHINGTON, DC-The Federal Deposit Insurance Corp. is working on a new strategy to sell collapsed banks' hard-to-value realty properties to the private investors. According to the strategy, the agency will sell its real estate properties as commercial mortgage-backed securities (CMBS) as it senses a revival in the CMBS market.
The firm is anticipated to commence its first CMBS transaction, which will include no less than $500 million worth commercial loans, by the end of 2010 or in January 2011. For the full story, go to Wall Street Journal.
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