This is the insane pool/patio video everyone is going crazy over

This is the insane pool/patio video everyone is going crazy over

Never expected our Facebook to blow up over one of these

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Items Tagged with 'REO-to-rental securitization'

ARTICLES

Single-family rental bonds are here to stay

ABS East panel: Asset class will continue to grow
Ben Lane
During an ABS East panel on REO-to-rental securitizations, the panelist agreed that the asset class is here to stay. “The demand for these types of loans is very, very encouraging,” Colony American Finance's Beth O’Brien said. “This isn’t quite as new as it sounds.”
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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.
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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.
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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%.
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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.
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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.
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Vacancies spike in Colony American Homes $514 million rental securitization

Delinquency rate increases 114%
Ben Lane
In total, the vacancy and delinquency rate by property count has risen nearly 81% in the last two months, from 4.7% in April to 8.5 in June.
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Business booming at American Homes 4 Rent, but…

Company reports 2nd quarter loss despite rising rental income
Ben Lane
As of June 30, American Homes 4 Rent had 23,364 leased properties, an increase of 2,698 properties from March 31. The company also reported “continued strong occupancy,” with 94.7% of properties leased that have been previously leased or rent-ready for more than 90 days and total portfolio occupancy of 86.0%.
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Vacancies drop in Invitation Homes rental securitization

Reverses previous month’s surge
Ben Lane
"With initial lease expirations peaking in May and June 2014 (23.3% of all properties in the pool had leases expiring through May 2014 and 34.3% through June 2014), Morningstar expects the month-end vacancy rate to stabilize and to potentially decline," Morningstar said in its update.
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Kroll weighs in on Silver Bay Realty’s $312M rental securitization

Awards $147M in AAA ratings
Ben Lane
“Large-scale institutional ownership and management of single-family rentals is a fairly new business model and US securitization structures of the assets are still evolving,” Kroll’s presale report states. “While SBY 2014-1 is the sixth transaction of its kind, performance data for the sector is limited.”
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