Rating agency presale reports came out last week on the latest deal from Redwood Trust, the only consistent issuer/aggregator of nonagency/Jumbo securitizations. These show it is continuing to work toward perfecting its mix of inherent Jumbo risks and mitigating factors.

As noted previously by ASR sister publication National Mortgage News' Web site, Fitch Ratings in its presale report said that California loans are still a big part of the latest deal (49%). But, overall, the geographic concentration risk has improved a bit compared to previous deals.

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