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FDIC May Extend Transition Rule on Securitization, But New Permanent Policy Could Be Major Challenge
Industry sources remain concerned about how federal banking regulators will change the rules for mortgage and asset securitization in the future, even though a key official suggested that the Federal Deposit Insurance Corp. may extend its safe harbor beyond the end of March. The FDIC is drafting a new, far more detailed and prescriptive regulation that defines the range of MBS...
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