SIFMA Supports FDIC Move To Restart Securitization Markets

The Securities Industry and Financial Markets Association (SIFMA) today released the following statement from President and CEO Tim Ryan on reports that the Federal Deposit Insurance Corporation (FDIC) is working on a plan to package failed bank assets into securities in an attempt to restart the stalled securitization markets.

“The FDIC’s move to package and sell loans through securitization is a positive step for the securitization markets and our economy. These deals will provide a model for future private market issuances, could help kick-start nonconforming loan securitizations and secondary markets, tighten pricing for securities and strengthen the interests of real money investors. We look forward to continuing to work with the FDIC to ensure vibrant and stable securitization markets that help expand credit and lending to businesses and families during America’s economic recovery.”