New Rental Securitization Deal Likely Heralds Double Dip in Housing
Oct 30, 2013
| 668 views | 0
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.