Tag Archives: Single-Family Rental Securitizations

A recent analysis of the SFR space revealed an increase in rent change for the single borrower and single-family rental securitizations. Click through to learn more.

Editor’s note: this feature originally appeared in the April issue of DS News, out now. In his new role, Grow oversees the day-to-day operations of Morningstar’s structured finance, corporate credit, and financial institutions ratings business. Before being named President of Morningstar ...

Both lease expirations and vacancy rates among single-family rental securitizations showed continued improvement in December 2017, according to the latest data from Morningstar Credit Ratings, LLC. According to Morningstar, single-borrower, single-family rental lease expirations declined for the second consecutive month, dropping ...

A fifth straight month of increases in lease expirations in May contributed to an uptick in the vacancy rate across the 24 SFR securitizations rated by Morningstar, but the vacancy rate stayed low.

Though the vacancy rate across the 24 SFR transactions increased slightly, there has been a six-month improvement in the overall vacancy trend.

What areas out of a class of 24 single-family rental securitizations performed well in March?

While delinquency rates were low, lease expirations trended higher; what effect did this have on vacancy rates in single-family rental securitizations?

While existing home sales experienced a major month-over-month decline in November above what was expected due to seasonality, the single-family rental market was alive and well during the month.

It has been slightly more than two years since the first single-family rental securitization closed. What has been driving the strong performances of SFR securitizations as of late?

The most seasoned transactions experienced the most appreciation; the transaction with the highest level of appreciation was the very first one that was issued, IH 2013-SFR1.