FHFA announces 2016 conforming loan limits

FHFA announces 2016 conforming loan limits

Much of U.S. left unchanged; limits increase in 39 ‘high-cost’ counties

Game changer? Quicken Loans takes mortgage lending fully digital

Launches Rocket Mortgage

Google launches mortgage comparison tool with Zillow

LendingTree will also bring mortgages to Google
The Ticker

Bloomberg: Blackstone rental home bonds have highest LTV

ratings tool
/ Print / Reprints /
| Share More
/ Text Size+

Bloomberg real estate ace Jody Shenn reports that Blackstone’s rental home bonds have the highest Loan-to-Value of any on the market.

Loan to BPO values of 79% in offering, vs. 65% for Silver Bay deal in market, 70% for second Colony American Homes issuance, 75% for first 2014 deal by Blackstone’s Invitation Homes deal, according to ratings firm presale reports.

Issuer indicated principal-only Class G included in structure to comply with European Banking Authority risk-retention regulations, according to Kroll.

“While risk retention can be viewed as a credit positive,” Kroll [reports] “does not believe it mitigates the impact of increased leverage, as the entire loan proceeds will need to be refinanced at maturity.”

Source: Bloomberg
Read full story

Recent Articles by Trey Garrison

Comments powered by Disqus