It's not easy buying jumbo mortgages in the secondary market these days. Just ask Redwood Trust. The company, a REIT, has delayed its second jumbo MBS deal but is still optimistic about the market. (See the National Mortgage News website for the full story.) As of October 31 it had purchased $160 million in product from originators compared to just $5 million in July, so things might be looking up. Right? Meanwhile, the new job numbers are out and even though the economy added 151,000 full-time positions, the unemployment rate is still stubbornly high at 9.6%. But don't despair, says economist Mark Zandi of Moody's. He said this morning that things are looking up…
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