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Home » Store » News » S&P May Have Judged Sequoia Deal More Harshly Than Moody’s Did, Discusses New Rating Process

S&P May Have Judged Sequoia Deal More Harshly Than Moody’s Did, Discusses New Rating Process

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Standard & Poor’s may have taken a more cautious view of the risk in the new jumbo MBS issued by Redwood Trust, which was rated only by Moody’s Investors Service. Moody’s gave the senior class of the transaction, Sequoia Mortgage Trust 2010-H1, its highest Aaa rating based on subordinated classes totaling 6.5 percent of the collateral pool and Redwood’s...
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