Redwood REIT warming to junior securitization classes

08/7/2009 | Bloomberg

Debt investor Redwood Trust is fine-tuning its acquisition strategy and expects to start buying junior classes of securitizations backed by residential mortgages. The REIT is interested in the less senior securities as an approach to keeping yields up. The rally in senior residential mortgage bonds is driving down returns, Chief Investment Officer Brett Nicholas wrote in the REIT's latest quarterly report.

View Full Article in:


Published in Brief: