Redwood Trust filed a registration statement with the Securities and Exchange Commission to issue its first mortgage backed securities transaction for 2013 under its Sequoia series of deals.
The filing states that the issuer entered into an arrangement with Barclays Capital on Nov. 28, where the bank is named as an underwriter on the deal, Sequoia Mortgage Trust 2013-1. Barclays was contacted but would not comment on the deal.
Redwood recently completed its
Although agency issuance continues to dominate the market,
According to Standard & Poor’s, year-to-date, total private-label RMBS issuance is near $6bn this year, compared with $2.8bn for all of 2011. The rating agency said it expects a moderate increase to $15bn next year.