Redwood is looking to issue another securitization deal this month that would keep in line with the company’s 2013 goal of boosting issuance over this year.
The real estate investment trust filed a prospectus supplement with the U.S. Securities and Exchange Commission for its next deal, Sequoia Mortgage Trust 2013-2. RBS Securities Inc is named lead underwriter in the document.
On Tuesday, Redwood began marketing its first deal of the year called Sequoia Mortgage Trust 2013-1, a $398 million RMBS led by Barcalys Capital.
The issuance keeps in line with the company’s goals, outlined in Redwood’s 3Q 2012 review. Redwood said that it aimed to ramp up its non-agency loan production over 2013, with the goal of securitizing $300 million or more monthly.