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FDIC seeks CMBS underwriters

FDIC seeks CMBS underwriters

Reuters was ahead of other organizations on August 3 with news that the Federal Deposit Insurance Corp, or FDIC, is seeking proposals from Wall Street dealers to help issue commercial mortgage-backed securities with loans saddling failed bank balance sheets. The story, which stemmed from an FDIC document obtained by Reuters, was picked up a day later by industry magazine Housing Wire. Equally important, several Reuters clients called our offices asking for a copy of the FDIC notice.

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