SEC Opens Investigation into Single-Family Rental Securitizations, Focus is on BPOs
May 12, 2017
The Securities and Exchange Commission has opened an investigation into certain single-family rental securitizations and is requesting information from market participants, including Green River Capital, a subsidiary of a private mortgage insurance company. The investigation first came to light when Radian Group disclosed in a recent 10-Q filing that Green River received a letter from the SEC requesting information regarding broker price opinions that GRC provided on properties included in SFR transactions. Green River, which falls under Radian’s Clayton Holdings affiliate, is...
Is Onity Group eyeing a sale? Perhaps. And why not? Servicing values are approaching a 25-year high.
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