Redwood Sees Big Earnings Drop but Jumbo Production Spikes

Redwood Trust, the only firm to publicly issue jumbo MBS the past two years, earned just $1 million in the third quarter, but its acquisition of nonconforming product in the secondary market jumped by 166%.

Article source: http://www.nationalmortgagenews.com/dailybriefing/2010_469/redwood-earnings-drop-1027316-1.html

Leave a Reply

WP2FB Auto Publish Powered By : XYZScripts.com
Bunk Beds