First private sale of MBS in nearly 2 years is completed

04/29/2010 | Washington Post (tiered subscription model), The

Redwood Trust sponsored a $238 million sale of a security backed by mortgages, the first private-sector deal of its kind in almost two years. "This transaction has broken the ice in the private mortgage securitization market, which has been essentially frozen since 2008," said Brett Nicholas, chief investment officer for Redwood Trust.

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Washington Post (tiered subscription model), The

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