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The securitization of residential rental revenue streams in Europe
dc.contributor.author | Roig Hernando, Jaume |
dc.contributor.other | Universitat Politècnica de Catalunya. Departament d'Organització d'Empreses |
dc.date.accessioned | 2017-09-27T10:23:25Z |
dc.date.available | 2017-09-27T10:23:25Z |
dc.date.issued | 2017-06-01 |
dc.identifier.citation | Roig, J. The securitization of residential rental revenue streams in Europe. "International journal of housing markets and analysis", 1 Juny 2017, vol. 10, núm. 4, p. 503-518. |
dc.identifier.issn | 1753-8270 |
dc.identifier.uri | http://hdl.handle.net/2117/108066 |
dc.description.abstract | The purpose of this paper is to analyze the securitization of rental streams, a new investment and finance product introduced in the USA in 2013 that enables fundraising from large residential portfolios owned by major investment funds and investment banking. The securities are made up of non-performance loans as well as real estate portfolios of financial entities. REO-to-rental securitization is a step forward toward the democratization of finance through the globalization of the residential market, improving risk sharing for major and retail investors. The securitization of rental streams in Europe has not taken off, despite several issuances in the USA since 2013 with significant success where first tranches obtained a credit qualification of triple-A from the majority of the main rating agencies. |
dc.format.extent | 16 p. |
dc.language.iso | eng |
dc.rights | Attribution-NonCommercial-NoDerivs 3.0 Spain |
dc.rights.uri | http://creativecommons.org/licenses/by-nc-nd/3.0/es/ |
dc.subject | Àrees temàtiques de la UPC::Edificació::Dret immobiliari |
dc.subject.lcsh | Real state management |
dc.subject.lcsh | Loans |
dc.subject.other | Real estate investment |
dc.subject.other | Property finance |
dc.subject.other | Alternative finance |
dc.subject.other | Non-performance loans |
dc.subject.other | Property securitization |
dc.subject.other | REO-to-rental securitization |
dc.title | The securitization of residential rental revenue streams in Europe |
dc.type | Article |
dc.subject.lemac | Béns immobles--Administració |
dc.subject.lemac | Préstecs |
dc.identifier.doi | 10.1108/IJHMA-07-2016-0057 |
dc.description.peerreviewed | Peer Reviewed |
dc.rights.access | Open Access |
local.identifier.drac | 21109715 |
dc.description.version | Postprint (published version) |
local.citation.author | Roig, J. |
local.citation.publicationName | International journal of housing markets and analysis |
local.citation.volume | 10 |
local.citation.number | 4 |
local.citation.startingPage | 503 |
local.citation.endingPage | 518 |
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