No matter how bad the assets are performing, the Resolution Trust Corporation can be expected to make its first securitization of nonperforming loans an attractive investment, according to Brian Smith, executive vice president of the Savings and Community Bankers of America.

Given the RTC's previous successes in securitization, it will be able to construct a deal in which the return on the underlying assets is enough to cover the return on any securities backed by them, Smith said.

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