The fund purchasing residential mortgage-backed securities insured by Syncora Guarantee Inc. has once again extended the expiration date of the offer, to 11:59 p.m. Wednesday from 11:59 p.m. Monday.

The tender offer for the Syncora-backed RMBS represents one part of Syncora's plan to remedy its $2.4 billion policyholders' deficit. The bond insurer in May executed an agreement with 25 financial counterparties to commute or restructure $56 billion in credit-default swap exposure.

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