Purchasing Assets of Failed Financial Institutions from the FDIC

August 31, 2009
More than 80 depository institutions have failed in 2009, presenting an investment opportunity each time the Federal Deposit Insurance Corporation steps in to act as a receiver. This update reviews the key terms of the current FDIC direct loan, real estate, and structured sales programs; provides a “how-to guide” for clients interested in purchasing assets available through such programs; and describes the Legacy Loans Program test funding mechanism that the FDIC launched this month.