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Home » Redwood Quickly Issues its Latest Jumbo MBS
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Redwood Quickly Issues its Latest Jumbo MBS

September 6, 2013
Redwood Trust issued its latest non-agency jumbo mortgage-backed security last week, two days after presale reports on the deal were published. It was a quick turnaround for the real estate investment trust, as jumbo MBS investors have generally had at least a week to mull investing in deals before they close. The mortgages in the $346.32 million Sequoia Mortgage Trust 2013-11 also had an exceptionally young weighted-average loan age of 0.5 months, according to Kroll Bond Rating Agency ...
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