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Home » Store » Investors » Redwood Faces Headwinds with Jumbo Activity

Redwood Faces Headwinds with Jumbo Activity

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Redwood Trust this week reduced the amount of jumbo-mortgage volume the real estate investment trust expects to acquire this year, citing competition for originations, among other issues. At the beginning of the year, officials at Redwood projected that the REIT would purchase $7.0 billion in jumbos. Through the end of July, Redwood had purchased $3.0 billion in jumbos. Officials at Redwood said the REIT is on track to purchase $5.5 billion to $7.0 billion in jumbos ...
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