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Redwood Trust announced a strategic joint venture with Castlelake, aiming to support further growth of its Sequoia platform. The deal gives Castlelake the potential to purchase up to 8 billion dollars of high-quality, prime jumbo mortgage loans sourced from Sequoia.
This partnership highlights an ongoing effort by both firms to capitalize on the evolving mortgage loan market and signals strong institutional demand for prime jumbo loans. The move is poised to accelerate Redwood Trust's access to capital and further expand its lending capabilities.