FDIC looking to securitize "distressed" CRE

And there it is, RTC Part Deux, that means that all of those real estate funds that raised capital to go after distressed loans and properties are going to have to change their docs and get investor permission to buy CMBS to stay in the game... If they haven't already been shut down after running up against the end of their investment period.

Securitization IS the answer after-all?

American Banker reports the FDIC sold securities backed by $471.3 million of performing single-family mortgages originated by 16 failed banks.