Press Release

Morgan Lewis Advises Point and Redwood on Home Equity Investment Securitization

Wednesday, October 13, 2021

WASHINGTON, DC, October 13, 2021: Morgan Lewis represented Point Digital Finance Inc. and Redwood Subsidiary Holdings LLC, a subsidiary of Redwood Trust Inc., as co-sponsors in the issuance of approximately $146 million of notes issued by Point Securitization Trust 2021-1. The notes are backed by the proceeds from resolutions on a pool of home equity investments (HEIs) originated by Point and acquired by the issuer, which are secured by liens (primarily second liens) on residential dwellings.

Morgan Lewis partner Cory Barry, of counsel Jerry Parker, associates Sam Park and Ryan Sugg, and partner Sarah Nelson advised Point and Redwood on the transaction.

For more, read the joint announcement.