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Redwood Trust has launched Sequoia, its non agency correspondent platform, aiming to expand homeownership by reaching borrowers who do not qualify for government sponsored programs.
This move leverages nearly 30 years of market experience and focuses on widening access through partnerships with lending institutions. By supporting a broader section of the housing market, Redwood Trust is seeking to address gaps left by traditional government backed lending solutions.
Redwood Trust previously partnered with Castlelake in a joint venture allowing for up to $8 billion in Sequoia platform jumbo loan sales, according to a company announcement. The firm also combined Sequoia with Aspire, CoreVest, and Horizons to strengthen its housing finance platform for future needs, as detailed in a prior integration announcement. These actions reflect Redwood’s focus on platform growth and expanded lending capabilities.