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Rent To Buy Mortgages Insured For First Time By Gses

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Terrel L. Shields

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Joined
May 2, 2002
Professional Status
Certified General Appraiser
State
Arkansas
http://wolfstreet.com/2017/01/24/us...d-securities-blackstone-invitation-homes-win/

an amended S-11 filing with the SEC on Monday in preparation for Invitation Homes’ IPO. Invitation Homes bought these properties out of foreclosure and turned them into rental properties, concentrated in 12 urban areas. The IPO filing lists $9.7 billion in single-family properties and $7.7 billion in debt.

Some of this debt will be refinanced with the proceeds from the sale of the $1 billion of government-guaranteed rental-home mortgage backed securities.
So they buy them as distressed sales and FF takes a hit? Then they repackage them and we re-insure the same crap again as rentals?
 

AMF13

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Joined
Jan 24, 2002
Professional Status
Certified Residential Appraiser
State
California
Guys with gold make rules.
Would you believe they make the rules to benefit themselves? :ohmy:
 
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