Single-family rental properties are still enjoying a downward trend in vacancies as well as low delinquencies, according to a new report from Morningstar Credit Ratings. However, with more leases set to expire in coming months, vacancy rates may begin to increase. “Vacancy rates have trended lower for the sixth consecutive month,” Morningstar analysts said in their new report. “However, we may see a reversal in this trend in the coming months, given ...
Two lenders are returning to the structured finance market in an uncommon way, participating in a $210 million mortgage warehouse securitization. The transaction involving agency originations received provisional AAA ratings from Moody’s Investors Service last week. Station Place Securitization Trust 2016-3 will be backed by a revolving pool of agency mortgages originated by Greentree Mortgage and loanDepot. The two lenders participated in a similar $225 million deal ...
Over half (51.1 percent) of VA loans securitized through Ginnie MBS in the first quarter of 2016 were retail originations, but only 39.1 percent of FHA loans came through that channel.