Home » Short Takes: New Jumbo Deal from Redwood / Sen. Corker Wants Coordination on QRM / Congresswoman Asks for Probe of Foreclosure Reviews / Existing Home Sales Hit Five-Year High
Short Takes: New Jumbo Deal from Redwood / Sen. Corker Wants Coordination on QRM / Congresswoman Asks for Probe of Foreclosure Reviews / Existing Home Sales Hit Five-Year High
Redwood Trust is set to issue its second non-agency jumbo MBS of the year, a $666.13 million security, according to a presale report released today by Kroll Bond Rating Agency. The MBS will largely consist of 30-year fixed-rate mortgages, with 51.4 percent of the originations from First Republic Bank. Plus other mortgage news briefs.
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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