Plenty of Uncertainty and Interest as Firms Work To Establish REO Rental Securitization Market
October 12, 2012
Some of the major players in what is likely to develop as the real estate owned rental securitization market are still unsure about how exactly the market will develop. However, investor interest in the REO rental sector is strong, even if securitizations will not receive AAA ratings. At a seminar this week hosted by the American Securitization Forum, Suzanne Mistretta, a senior director at Fitch Ratings, confirmed that the rating service will not give initial REO rental securitizations anything higher than a single-A rating. Fitch and others have been approached...
Some SWFs in other countries have extensive ownership interests in major corporations and sweep much of their profits into state coffers.
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