Sunday, February 24, 2013

Redwood Trust booms on jumbo loan market - SFGate

Redwood Trust is having a spectacular run. The Mill Valley firm's shares have returned 84 percent in the past year and there have been zero defaults among the $4 billion of jumbo loans it packaged and sold as bonds since 2010. Business for the real estate investment trust is poised to pick up in 2013 as the U.S. housing rebound lifts California and East Coast cities where Redwood finds its mortgages.

Read more: Redwood Trust booms on jumbo loan market - SFGate

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