Citi, Redwood Break the Ice in Jumbo MBS Market With Potential Model Transaction
April 23, 2010
Citigroup and Redwood Trust this week announced details of the first non-agency MBS transaction backed by recently originated mortgages in two years in a structure that could become a model for other deals. According to preliminary term sheets filed this week, Sequoia Mortgage Trust 2010-H is backed by a squeaky-clean pool of $237.8 million of prime jumbo loans...