Minecraft creator outbids Beyonc and Jay Z for home Jay Z and Beyonce toured the home multiple times and made an offer. But before the deal could be finalized, they were outbid by Markus Persson , the creator of Minecraft. After selling his company to.
Moody’s: Single-family rental equity securitization poses more risk Earlier this week we summarized a new White Paper from Freddie Mae detailing the growing importance of single-family properties within the U.S. rental market, especially in rural areas. With the.
Waypoint Real Estate Group, a private equity real estate fund that owned more than 2,200 homes in California, Phoenix, Chicago, and Atlanta in 2012, plans to ramp up its purchases to 11,000 homes by the end of 2013. In September, Citigroup made a $65 million loan to Waypoint for investments in distressed single-family houses converted to rentals.
Finally, there was confusion about how to structure an SFR securitization and what tensions and risks would exist in that structure. There was also some uncertainty about whether an SFR securitization would be more like CMBS or RMBS. Like RMBSs, the underlying assets of SFRs are single-family homes.
Freddie Mac’s Stock May be Delisted from NYSE Fannie Mae and Freddie. Mac in the first place, I believe I could reach nearly any conclusion about the amount that the government is owed. If the government had fixed on a sum it was owed, there.
FHA continues to lean on Treasury Moody’s: Single-family rental equity securitization poses more risk Richmond Mayor committed to eminent domain fight The Washington Post took a closer look at Richmond and the California city’s efforts to use eminent domain to fight foreclosure blight. The newspaper described Richmond’s use of eminent.
In the fall of 2013, private equity firm Blackstone LP issued the first single-family rental (sfr) securitization: invitation Homes 2013-SFR 1. In March, colony capital released another SFR securitization. The Invitation Homes 2013-SFR 1 was backed by 3,207 single-family rental homes concentrated in Arizona, California, Florida, Georgia, and Illinois.
According to court filings, after her family left the home in December due to the environmental risk. level of alarm does the securitization of single-family rentals really warrant? In short, not.
Moody’s Investor Service has adopted more of a wait-and-see approach, as did Standard & Poor’s in May. All say they are waiting for more details. If a private equity sponsor. that can hit rental.
· The Newest Trick In The Book: Rent-Backed Securities. May 5, 2014 5:06 AM ET. bundled rental payments from 3,207 single-family homes to.
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However, old pitfalls have not been addressed and new dangers pose additional risk. latest product: the rent-backed security. Last fall, Blackstone (NYSE:BX), a private equity firm, bundled rental.
New Penn Financial acquiring Envoy Mortgage’s correspondent lending division Major news out of PIMCO as Mohamed El-Erian resigns from CEO post · CEO of Trillion-Dollar Company Resigned After His Daughter Told Him How Much He Has Missed. In January, El-Erian made headlines for announcing his resignation as chief executive officer of trillion-dollar investment fund PIMCO in January. In an article for Worth this summer, which has recently gone viral, El-Erian explains that he decided to step down after his daughter listed out.Ditech Financial announced it is expanding its correspondent lending division services to a larger number of correspondent. crash did little to impact the brand legacy and unveiled a new plan to.
Also on hand for the Q&A portion of the call are teresa bryce bazemore, President of Radian Guarantee; Derek Brummer, Executive Vice President and Chief Risk Officer. was impacted more notably by.