An Insider’s Look Into How Secondary Marketing Evaluates LOs

In this webinar we’ll explore the long-term financial impacts of renegotiations, extensions and fallouts, plus basic guidelines to be viewed as a professional by your secondary marketing department

HousingWire Annual Virtual Summit

Sessions from HousingWire Annual 2021 are going to be virtually streamed on October 25. Register now for FREE to tune into what housing industry leaders had to say this year!

How servicers can access timely, accurate data insights

Learn how to navigate the challenges in today’s market – for example, the need for ongoing, on-demand access to near-real-time data and the ability to access those data insights in a timely and accurate manner.

Steve Murray on new brokerage models, CFPB crackdowns

Today’s HousingWire Daily features a discussion on the emergence of a new brokerage model and the validity behind the concerns against institutional investors.

InvestmentsMortgage

SEC probes single-family rental bonds

Could be start of an industry-wide investigation

The Securities and Exchange Commission is investigating whether bonds backed by single-family rental homes are using overvalued property assessments, an article in Bloomberg by Matt Scully stated.

According to the article, which cited a person familiar to the matter, the agency has been looking at whether BPOs, broker price opinions, were wrongly inflated, potentially serving as a starting point for an industrywide probe.

From the article:

Radian Group Inc.’s Green River Capital unit is one of the market participants that received a request for information from the Securities and Exchange Commission in March about broker price opinions, or BPOs, the company said in a regulatory filing late Friday. Green River provides BPOs that are used to value real estate in securitizations.

Despite the probe, Radian stated in the article that it routinely gets such requests from regulators, and the disclosure didn’t indicate that Green River was the focus of the agency’s inquiry.

The news comes amid growing demand in the single-family rental securitization market. Earlier this year, Invitation HomesBlackstone Group’s single-family rental operator, went public and raised more than $1.5 billion in its initial public offering. The news marked the largest by a U.S real estate investment trust since Paramount Group

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3d rendering of a row of luxury townhouses along a street

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