Redwood Hoping to Revamp Jumbo Market With a Focus on Protecting AAA Investors
May 14, 2010
The recent jumbo mortgage securitization sponsored by Redwood Trust was an attempt to simultaneously restart and revamp the secondary market, according to executives at the company. Brett Nicholas, Redwood CIO and co-CEO, said Redwood is ultimately looking to enhance the non-agency mortgage-backed security market to protect investors. Going forward, the securitization...