HousingWire reveals the 50 fastest-growing companies in housing economy

HousingWire reveals the 50 fastest-growing companies in housing economy

Inaugural 2014 HW Fast50 ranks public, private companies on revenue growth

Chinese investors remain an X Factor for the US housing market

So what does this mean for homeowners and buyers?

Judge throws out Fannie and Freddie investors’ lawsuit

Decision favors Federal government
W S
Investments

Blackstone to MSNBC: "There is no such thing as a rental bond"

Rep. Mark Takano disagrees

Rental homes
/ Print / Reprints /
| Share More
/ Text Size+

In a segment on MSNBC in regard to the emerging REO-to-rental securitization market, two interesting things happened.

The first is that it's official: Blackstone Group (BX) is now the largest landlord in America, via Invitation Homes.

And they'll have you believe they are very good at it as 70% of their tenants renew their leases, according to the video below.

The second interesting thing, which Rep. Mark Takano (D-Calif.) totally disagrees, comes at 3:19 where, in a statement, Blackstone claims, "there is no such thing as a rental bond."

"This is a securitization of assets themselves (in this case 3,500 homes)," the statement continues.

"The same practice is commonly used to finance assets of all types," they add.

Takano is emerging as a top critic of Blackstone's activity in his state, especially in his demands for greater due diligence from regulators.

"I'm not calling for a ban of this new instrument…" he says at 4:52. "I just think it behooves us to understand these securities."

Recent Articles by Jacob Gaffney

Comments powered by Disqus