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More than one-third of all U.S renters have chosen single-family rentals

CoreVest American Finance Closes on $313M Securitization, Uses Blockchain Tech 

CoreVest American Finance Lender LLC, a leading lender to residential real estate investors nationwide and a division of Redwood Trust, Inc. with New York offices in Midtown Manhattan, said it had closed a $313-million securitization backed by its single-family rental (SFR) loans.  

The transaction represents CoreVest’s second securitization in 2022, 19th SFR securitization and 21st overall securitization. 

Liquid Mortgage, Inc. will serve as distributed ledger agent for this securitization, utilizing blockchain technology to report loan level payment activity daily that ultimately makes loan data reporting and delivery faster and more efficient, CoreVest said. The Liquid Mortgage technology allows near-real time visibility into payments and repayments on loans for investors and other end users. CAFL 2022-1 is the first SFR transaction to include this technology.  

This will also be CoreVest’s first securitization to include data aligned with the Sustainability Accounting Standards Board’s ESG guidance framework. 

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About Ted Jackson

A highly successful financial journalist, corporate financial writer and magazine entrepreneur with strong expertise in writing on fixed income and pass-through securities (ABS), finance and banking, the economy, economic developments, financial markets, investing and personal finance, the business of behavioral healthcare and more.

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