Redwood to Step Up Non-Agency MBS Volume, Touts Head Start on Rebound
November 9, 2012
The return of non-agency MBS for prime loans is a lot further along than market observers might think, officials at Redwood Trust said last week. The company said its goal is to issue $900 million or more in non-agency MBS each quarter within the next 12-to-18 months and eventually finance mortgages for prime borrowers who do not fit into todays tight credit box. Through 10 months in 2012, Redwood averaged $498.31 million in quarterly non-agency MBS issuance, according to the Inside Mortgage Finance ...