New Rental Securitization Deal Likely Heralds Double Dip in Housing
by SHAH GILANI
Oct 30, 2013 | 474 views | 0 0 comments | 5 5 recommendations | email to a friend | print
Today, in New York, investors will be pitched the first-ever REO-to-rental securitization deal. The $500 million deal bundles foreclosed single-family homes, "real-estate-owned" by Blackstone Group L.P. (NYSE: BX) , into securities that pass-through rental payments to investors.

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New Rental Securitization Deal Likely Heralds Double Dip in Housing

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