Starwood Waypoint Homes gets subpoena from SEC requesting documents
Starwood Waypoint Homes said in a regulatory filing: "Radian Group, the indirect parent company of Green River Capital, which is a service provider that provides certain broker price opinions to Starwood Waypoint Homes, disclosed in its Quarterly Report on Form 10-Q for the quarterly period ended March 31 that GRC had received a letter in March 2017 from the staff of the Securities and Exchange Commission stating that it is conducting an investigation captioned "In the Matter of Certain Single Family Rental Securitizations" and requesting information from market participants. Radian disclosed that the letter asked GRC to provide information regarding BPOs that GRC provided on properties included in single family rental securitization transactions. On September 13, SFR received a letter from the staff of the SEC stating that it is conducting an investigation captioned "In the Matter of Certain Single Family Rental Securitizations." The letter enclosed a subpoena that requests the production of certain documents and communications related to SFR's Securitizations, including, without limitation, those related to BPOs provided on properties included in Securitizations. SFR intends to cooperate with the SEC. SFR understands that other transaction parties in Securitizations have received requests in this matter."