The American Securitization Forum (ASF) today welcomed Redwood Trust's launching of the first private label security backed by newly originated RMBS loans since 2008.

While the offering, which comprises extremely high-quality Jumbo prime mortgages, is positive news for the flow of credit, the ASF warned in a press release that the return of private capital for extending loans to consumers and small business via securitization will remain lengthy. The association emphasized, however, that this is "critical to the rebound of the U.S. economy."

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