We've noted that markets for some distressed securities have stabilized as of late. So much so that the main concern now, for many big banks anyway, is less about toxic assets and more about loan losses. But it would be premature to say that the market for toxic assets is faring well. Still, the market does represent some hope for banks who would love to get rid of some of their real estate exposure, especially now at the commercial level.

The AP notes a spate of deals for "resecuritization of real estate mortgage investment conduits," or re-remics. Some say the newly packaged securities offer a way to perk up the market. While they are very similar to the securitized products that ended up tanking, the world ought to have greater appreciation for the risks. Of course, prices are extremely low as well. We'll see if volume kicks up and buyers come out. 

For more:
- here's the article

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