Waypoint Real Estate Group confirmed this week that it received a $65.0 million loan from Citigroup to finance rentals of real estate owned properties. Industry analysts suggest that the financing from Citi is the first for the emerging sector from the debt markets and securitization of REO rental proceeds is expected soon. Officials at Waypoint said they could issue an REO rental security fairly quickly. However, before the Citi deal they noted that they were seeing better terms from balance-sheet lenders than from REO rental securitization. The rating services have issued...