Home Equity Investment Platform Point and Redwood Trust Issue $139M Home Equity Investment Rated Securitization
Portfolio Pulse from Benzinga Newsdesk
Home equity investment platform Point and Redwood Trust, Inc. (NYSE:RWT) have completed the first rated securitization of Point's Home Equity Investment (HEI) assets, issuing approximately $139 million of rated asset-backed securities. This is the second HEI-backed securitization that Point and Redwood have completed together.
November 07, 2023 | 10:05 am
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Redwood Trust has completed a $139 million rated securitization of home equity investment assets with Point. This is their second such securitization.
The successful completion of the securitization indicates a positive development for Redwood Trust. It shows the company's ability to diversify its portfolio and generate revenue from different sources. This could potentially attract more investors, leading to a positive impact on the stock price in the short term.
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