Redwood to open 2020 RMBS pipeline

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By Max Adams
03 Jan 2020

Redwood announced on Thursday that it is prepping the first RMBS transaction of the new year, a $459.3m deal backed by highly seasoned loans from its Sequoia shelf.

The deal, SEMT 2020-1, will securitize 742 residential mortgage loans originated from 2014 to 2019, all of which are designated as qualified mortgages by the originator, or have been labeled QM retroactively for loans that predate the ability to repay rule, according to Kroll Bond Rating Agency. The ...

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