Progress Residential prices first REO-to-rental securitization

KBRA Assigns Ratings to Progress Residential 2017-SFR2 – ratings to six classes of Progress Residential 2017-SFR2 (Progress 2017-SFR2) single-family rental pass-through certificates. Progress 2017-SFR2 is a single-borrower, single-family rental (SFR) securitization that is collateralized by a $271.1 million loan secured by first priority mortgages on 1,598 income-producing single-family homes.

Short Sales Cost Lenders $310m More Than Necessary, CoreLogic Study Finds Home-price drops said to reflect overcorrection – “You pay 11 cents on the dollar in mortgage costs. a willing buyer and the necessary comparable sales, but the appraisal came in $10,000 short, killing the deal. The home was appraised at $194,000,

Progress Residential’s homes are located in the country’s most desirable communities and include spacious backyards, garages and room to grow. We’re also pet-friendly! We don’t place restrictions on size, breed or the number of pets you have. Let us help you find your dream home today.

New homes sales jump 11% in March "We are now embarking on a new Long March, and we must start all. allow lawmakers a free vote on a second Brexit referendum. Sales of existing U.S. homes fell 0.4% in April compared with March to a.

Moody’s assigns provisional ratings to Progress Residential 2016-sfr2. single-family rental properties owned by Progress Residential 2016-SFR2 securitization. Of note, 2,790 of the total properties will be from Progress Residential 2015-SFR1, where a portion of the net proceeds from the.

As a testament to the growing popularity of the single-family rental asset class, total issuance for 25 single-family securitizations in two years have amounted to $13.08 billion.

CEO and Founder of Lafayette RE (New York) – Lafayette RE LLC is a New York-based private equity firm dedicated to the single-family rental industry in the U.S. Lafayette owns and manage more than 1,400 single family rental homes and 150 vacant lots, mostly located in Florida, Georgia and Arizona.

Everyone knows how that ended. So fast forward to today, when this final missing link from the credit and housing bubble is finally here too, following news that mega-PE firm Blackstone is pushing forward with the first ever REO-To-Rental securitization.

What’s Driving the Single-Family Rental Market?. a decrease in house prices, Since the first single-family rental securitization was issued in October 2013, the majority of securitizations.

5 Center for American Progress | When Wall Street Buys Main Street In many ways, the invitation homes bond has more in common with commercial bonds used to finance apartment buildings, malls, and.

The stabilized vacancy rates for the single-family home rental properties backing the first-ever REO-to-rental securitization from Blackstone’s Invitation Homes unit were higher than that.

six classes of Progress residential 2017-sfr1 (progress 2017-sfr1) single-family rental pass-through certificates. Progress 2017-SFR1 is a single-borrower, single-family rental (SFR) securitization that is collateralized by a $458.6 million loan secured by first priority mortgages on 2,712 income-producing single-family homes.

Housing starts fall 5.8%, disappointing analyst estimates NAHB created its own estimate, and forecast that the annual rate of housing starts in September reached between 875,000. The Northeast saw the biggest drop, with the gauge there falling 13 points.

Efforts will include so-called solar securitization where leases for residential installations are bundled and. A Make Or Break Year For Big Solar The first phase of BrightSource Energy’s.