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Jumbo mortgages are back - something owners of Redwood Trust (RWT) already know - but can the...

Jumbo mortgages are back - something owners of Redwood Trust (RWT) already know - but can the rebound continue? With $200B of jumbo mortgages closed in 2012 and $220B expected (by some) in 2013, levels haven't returned to anywhere near the $348B seen in 2007. Helping are narrowing spreads, down to just 23 bps over conventional mortgages on a 30-year fixed.
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