May
09

SEC Probes Rental Home Values in Private-Equity Bond Deals

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  • Radian’s Green River says U.S. queries broker price opinions
  • Probe said to examine if industry overassessed property values

U.S. 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 among companies that received a request for information from the Securities and Exchange Commission in March about broker price opinions, or BPOs, Radian said in a regulatory filing late Friday. Green River provides BPOs that are used to value real estate in bonds backed by properties…

SEC Probes Rental Home Values in Private-Equity Bond Deals

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