CFPB secures $27.7 million judgment against foreclosure relief scammers

The next president needs to speak up about housing right now

Want my vote? Here's how to get it

CFPB, DOJ take action against Provident Funding for discriminatory lending

Could pay $9 million in damages
W S

Items Tagged with 'REO-to-rental'

ARTICLES

Progress Residential launching second single-family rental securitization

New offering larger than company’s first
Ben Lane
After launching its first single-family rental securitization in September 2014, Progress Residential is prepping its second such offering, which will be larger than the company’s first securitzation. Progress Residential 2015-SFR1 is collateralized by a $563 million loan secured by first priority mortgages on 4,028 income-producing single-family homes.
Read More

Invitation Homes prepping new single-family rental securitization

Company’s first in 2015 and fifth overall
Ben Lane
Invitation Homes will the first out of the gate in 2015, as the Blackstone Group subsidiary is prepping the year’s first single-family rental securitzation. The offering, Invitation Homes 2015-SFR1, will be collateralized by a $540.9 million loan secured by first priority mortgages on 3,072 income-producing single-family homes.
Read More

Starwood Waypoint becomes latest to offer single-family rental bond

REIT launches first REO-to-rental securitization
Ben Lane
Starwood Waypoint Residential Trust, which was spun off of Starwood Property Trust in January as a real estate investment trust, is prepping its first securitzation based on income-producing single-family rental homes. The offering represents a drastic shift for the REIT, which initially had no plans to securitize its investments.
Read More

Single-family rental bond yields are rising

Supply outpacing demand
Ben Lane
The supply of single-family rental securitizations is rising beyond the level of investor demand, and the surplus of available debt is driving yields up.
Read More

Invitation Homes bringing another REO-to-rental securitization to market

Company’s third in 2014 and fourth overall
Ben Lane
Both Morningstar and Kroll Bond Ratings Agency released presale reports for the securitization, with each awarding $328.91 million in AAA ratings to the offering's Class A tranche.
Read More

Progress Residential prices first REO-to-rental securitization

Pricing beginning to normalize in burgeoning asset class
Ben Lane
In a sign that the REO-to-rental securitization market is beginning to normalize, Progress Residential 2014-SFR1 priced similarly to the last REO-to-rental securitization, American Residential Properties’ $342.67 million securitization.
Read More

Progress Residential joins booming REO-to-rental securitization market

There’s a new kid on the block
Ben Lane
Morningstar and Kroll Bond Rating Agency have each weighed in on the securitization with presale reports and awarded nearly $241 million in AAA ratings to the securitization’s Class A tranche.
Read More

Vacancies drop again in Invitation Homes rental securitizations

Continues downward trend
Ben Lane
In Invitation Homes’ $1 billion single-family rental securitization, which launched earlier this year, the cash flow vacancy rate of the underlying properties fell to 5.4% as of July 31, down from June’s revised figure of 6.2%.
Read More

American Residential prices first REO-to-rental securitization

Latest in up-and-coming asset class
Ben Lane
American Residential Properties REO-to-rental securitization received $184.89 million in AAA ratings from Morningstar in its presale report. Now American Residential has priced its first securitization.
Read More

American Residential joins booming REO-to-rental securitization market

Becomes latest to attempt to capitalize on burgeoning asset class
Ben Lane
The offering, American Residential Properties 2014-SFR1, will mark the third straight week that a REO-to-rental securitization has hit the market, demonstrating the growing popularity of the asset class.
Read More