CMBS

Lease expirations are up in collateral pools backing single family rental securitization and that could lead to higher vacancies and potentially lower cashflows.

Colony American Homes is working on its third ever single-family rental securitization, according to Kroll Bond Ratings Agency.

Abid Gilani, a Wells Fargo senior vice president, was one of the victims in the derailment of an Amtrak train outside of Philadelphia on Tuesday.

Higher yielding properties in single-family rental securitizations also experience the highest vacancies, and ultimately lower annual rental cashflows, warns Morningstar.

Tricon Capital Group, which first entered the market in 2012 to acquire single-family homes via its U.S. platform, Tricon American Homes, now plans to follow the securitization path to reduce its cost of capital over the long term.

BofAMerrill analysts think the ECB could be a lot more aggressive in the securitization-purchasing program it launched last November.