Moody’s Investors Service (“Moody’s”) has assigned defintive ratings to the classes of residential mortgage-backed securities (RMBS) issued by Sequoia Mortgage Trust (“SEMT”) 2019-CH3, except for the interest-only classes. The certificates are backed by one pool of prime quality, first-lien mortgage loans. SEMT 2019-CH3 is the ninth securitization that includes loans acquired by Redwood Residential Acquisition Corporation (“Redwood” or “Seller”), a subsidiary of Redwood Trust, Inc., under its expanded credit prime loan program called “Redwood Choice”.
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