Redwood Profits from Non-Agency MBS And More Issuance Planned for 2012
August 3, 2012
Redwood Trust turned profits on the three non-agency jumbo mortgage-backed securities it issued thus far this year, with strong investor demand. Meanwhile, Springleaf Financial is set to issue another subprime MBS backed by seasoned loans. Officials at Redwood said they plan to issue another non-agency jumbo MBS before the end of the third quarter of 2012 and they are optimistic about future non-agency activity. We are a long way from declaring victory, but we like our steady progress, the way the playing field is ... [Includes one chart]