Tuesday, November 12, 2013

Are these investors totally stupid or just that greedy?




This gets me way down deep. First this trash bank **Deutsche Bank ** The mighty **King of foreclosures ** wipes out most of the country with robo signed papers and fraudulent paperwork, than take the homes, ( because they can't sell them the titles are junk) and turns around and RENTS them out! Nothing is done to them, nobody takes notice **HELLO US GOVERNMENT ARE YOU LISTENING?? ** NOT ONLY DID THEY MAKE MONEY OFF THE INSURANCE OF THESE HOMES FORECLOSING, BUT THEY NOW RAKE IN YET MORE PROFIT, OFF THE BACKS OF US TAXPAYERS WHO YES, DEAR CITIZENS WE BAILED OUT!

This bank screwed over how many investors?? How in God name are you stupid people  investing your money with them again? When our elected officials finally wake up, you will lose again, see they will investigate these homes and will find, they were illegal foreclosures , and DON'T  come crying again, you deserve to lose your asses.

I wonder how many pigs and bets are being placed on these?? They know they are playing on thin ice and the clock is ticking before their found out again.




NOV 12, 2013 1:47pm ET

DB Pricing Shows Appetite for REO-to-Rent Securitization


Deutsche Bank priced the inaugural single family rental transaction, the $479 million Invitation Homes 2013-SFR1 single family rental securitization transaction 5 basis points to 35 basis points tighter than initial guidance, a person familiar with the deal confirmed.
Invitation Homes, a Blackstone portfolio company, manages the nation's largest portfolio of single family homes being rented. The company has $7.5 billion of investments in the single-family home rental market.
The transaction had six sequential floating rate tranches. The classes were rated by Moody's Investors Service, Kroll Bond Ratings and Morningstar.
The Aaa/AAA/AAA, class A notes structured with a weighted average life of 4.9 years priced at 115 basis points over the one-month Libor, around 5 basis points tighter than initial price talk.
The Aa2/AA/AA, class B notes structured with a weighted average life of 5.1 years, priced at 135 basis points over the one-month Libor, at least 15 basis points tighter than price talk.
The A2/A/A, class C notes, structured with a weighted average life of 5.1 years priced at 185 basis points over the one-month Libor, also 15 basis points tighter than price talk.
Lower down the credit curve, the class D, E and F notes all priced around 35 basis points tighter than initial price talk. The Baa2/BBB/BBB+, class D note structured with a weighted average life of 5.1 years priced at 215 basis points over the one-month Libor.
The BBB-/BBB-, class E notes structured with a weighted average life of 5.1 years priced at 265 basis points over the one-month Libor.
KBRA rated the class F notes BB which were structured with a weighted average life of 5.1 years and priced at 365 basis points over the one-month Libor.

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