New York Fed RMBS sales go smoothly

paul-jablansky-rbs
Paul Jablansky, RBS

The Federal Reserve Bank of New York is said to be pleased with the outcome of auctions to dispose of assets from Maiden Lane II – a special-purpose vehicle consisting of non-agency residential mortgage-backed securities (RMBSs) originally purchased from insurer American International Group (AIG).

“The bids have been very good so far and a high proportion of securities have been sold, so things are going well,” says a source close to the New York Fed.

Maiden Lane II took on around 800 distressed

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