THE collapse of America's sub-prime lending market has given a boost to Keydata's Income Property Bond, which invests in rented property in the US.
There are forecasts the crisis will see around 2 million families, those who would normally be considered sub-prime borrowers, moving back into rented accommodation – the area targeted by Keydata’s product. The product provider said sub-prime borrowers made up around 10pc of the America’s homeowners. There have been estimates that nearly one in five of sub-prime mortgages issued in the US in 2005 and 2006 would end in foreclosure – leading to the dash for rental property. Keydata’s Income Property bond, which invests in property for blue collar workers, has already benefited from r...
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