Moving to create a new type of financial asset, the Department of Housing and Urban Development intends to sell the rights to receive insurance premiums on $50 billion of government-backed home loans.

Observers said the package could fetch $1 billion.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.