SEC Probes Rental Home Values in Private-Equity Bond DealsBy
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…
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