FDIC Taps BlackRock to Sell $13B in Mortgage Bonds from Collapsed Lenders
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U.S. government looking to sell nearly $13 billion of mortgage bonds acquired from failed lenders Silicon Valley Bank and Signature Bank
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Bonds were part of $114 billion in assets FDIC took over when the lenders collapsed
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Bonds backed by long-term, low-rate loans made primarily to developers building affordable housing
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FDIC hired BlackRock to sell securities portfolios of the failed lenders
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Mortgage bonds have proved difficult to sell in initial discussions with investors
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