As we reported a few months back, the Federal Deposit Insurance Corp. is working on a plan to securitize up to $20 billion in single-family loans, most of which are "covered" assets or loans with loss sharing agreements that were bought by buyers failed banks. (The details are still being worked out.) Meanwhile, the agency is tapping the capital markets with some smaller residential and commercial deals. (See the National Mortgage News website later today.) As for the loan delinquency market, perhaps some relief is on the way -- that is, if you believe a better employment picture will result in less mortgages going bad. The number of planned layoffs at U.S. companies fell in February to the lowest level since 2006...
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