The overall character of the mortgage loans backing Redwood Trust's latest RMBS were consistent with "high-quality underwriting," said Standard & Poor's in an unsolicited commentary on the transaction.

Examining public loan-level data and the information filed with the SEC on Sequoia Mortage Trust 2012-I, the agency said that the weighted averages of the FICO scores, the combined LTVs and the debt-to-income (DTI) ratios all supported its view.

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