US regulators launch probe into property bonds sold using overvalued assessments

New York

US SECURITIES regulators are investigating whether bonds backed by single-family rental homes and sold by Wall Street's biggest residential landlords used overvalued property assessments.

Radian Group's Green River Capital unit is one of the market participants that received a request for information from the Securities and Exchange Commission in March about broker price opinions, or BPOs, the company said in a regulatory filing late on Friday. Green River provides BPOs that are used to value real estate in securitisations.