Only a single borrower is currently delinquent among the roughly 1,800 newly originated prime loans securitized in the handful of Redwood Trust private-label RMBS seen since the start of 2010, according to a Fitch report Monday.

The rating agency expects the current delinquency to be resolved quickly as the borrower has a loan-to-value ratio near 50% and liquid reserves in excess of the loan amount.

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