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Home » Store » News » Credit Suisse and New Penn Team on Another Jumbo MBS, Redwood Pessimistic But Plans New Issuance

Credit Suisse and New Penn Team on Another Jumbo MBS, Redwood Pessimistic But Plans New Issuance

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Credit Suisse late last week issued its second jumbo MBS of the year, both of which have largely consisted of mortgages from New Penn Financial. Redwood Trust is also planning to issue its first jumbo MBS of the year in the coming weeks, though officials at the real estate investment trust are pessimistic about the short-term outlook for jumbo MBS issuance. Credit Suisse’s latest jumbo MBS was a $297.4 million deal with ratings from DBRS and Standard & Poor’s. The AAA tranche had credit enhancement of 8.85 percent and no presale reports on the deal were published. Officials at Redwood have cited...
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