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1.Market Observations, 8.Was Sticky

10 May 2017 (AFR) – SEC probes rental home values backing private-equity bond deals

(10 May 2017, AFR, p31, by Matt Scully)

‘US securities regulators are investigating whether bonds backed by single-family rental homes and sold by Wall Street’s biggest residential landlords used overvalued property assessments. Radian Group Inc’s Green River Capital unit is one of the market participants that received a request for information from the Securities and Exchange Commission in March about broker price opinions, or BPOs, the company said in a regulatory filing late on Friday. Green River provides BPOs that are used to value real estate in securitisations.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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