American Homes 4 Rent (AMH -1.4%) last night announced the resignation of CFO Peter Nelson "to pursue other career interests." The company hopes to follow Blackstone's (BX +1.4%) first-ever rental securitization with one of its own and reportedly last month hired Goldman to lead the deal.
Speaking of Blackstone's rental securitization, rents collected on the collateral for that paper fell 7.6% from October to January, according to Morningstar. "Payments declined as expiring leases and early tenant departures left residences backing the bonds ... vacant," according to the report.
Tied at least tangentially to single-family rentals are parts of Bill Erbey's empire, and it's struggling today following earnings reports from Altisource Asset Management (AAMC -7.2%) and Altisource Residential (RESI -5.8%). Others in the family: Altisource Portfolio Solutions (ASPS -5.9%), Ocwen (OCN -1.3%), and Home Loan Servicing Solutions (HLSS -1.4%). A summary of how they fit together is here.