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Home » Store » Ability to Repay » Redwood Tweaks New MBS Before Issuance

Redwood Tweaks New MBS Before Issuance

$55.00
Ability to Repay

Product Details

Redwood Trust made a couple of adjustments to its new jumbo mortgage-backed security between when presale reports were issued and when the deal closed. Among other changes, the size was reduced slightly due to uncertainty about the impact of damage from Hurricane Irma on certain properties. Redwood removed 12 mortgages from the loan pool, dropping the unpaid principal balance of the MBS from $316.49 million to $307.64 million, according to Moody’s Investors Service. Seven loans were dropped...
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