Redwood Trust Announces Pricing Of The Market's First Non-Agency Residential Mortgage-Backed Securitization Leveraging Blockchain-Based Technology
Retrieved on:
Wednesday, September 22, 2021
Partnership, Friction, Data, Trust, Sequoioideae, Life, RMBS, Housing, Technology, Blockchain, Contract, SEMT, DLA, NYSE, Time, Real estate, Cryptocurrency
The securitization, SEMT 2021-6, had an initial notional balance of $449 million and is backed by 497 jumbo residential loans.
Key Points:
- The securitization, SEMT 2021-6, had an initial notional balance of $449 million and is backed by 497 jumbo residential loans.
- In this role, Liquid Mortgage will leverage its blockchain-based technology to provide end users with more timely reporting of loan level payments of principal and interest on the underlying residential mortgages.
- In April 2021, Redwood announced an investment in Liquid Mortgage as its third investment under the company's RWT Horizons venture investment strategy.
- Today's announcement represents the next step in the continued partnership between Redwood and Liquid Mortgage.