Redwood Preps 5th RMBS Deal of 2012

Redwood Trust filed an Securities and Exchange Commision filing for a new Jumbo RMBS to be issued from its Sequoia Mortgage Trust.

According to the filing, the deal will be underwritten by RBS Securities. The mortgage REIT's latest deal was worth $313 million called Sequoia Mortgage Trust 2012-4.

Standard & Poor's noted in emailed commentary that the company's year-to-date issuance is at $1.7 billion.

The rating agency also reported that private-label RMBS issuance remains sporadic and less than $4 billion is expected this year. Total non-agency RMBS issuance thus far in 2012 is at $2.6 billion versus $2.8 billion for all of last year.