Redwood Trust is fully validating expectations that it would keep the private label market of residential mortgage-backed securities (RMBS) alive this year, according to pre-sale reports by Kroll Bond Ratings and Fitch Ratings.

The REIT is in the market with its third deal of 2013 under its Sequoia Mortgage Trust shelf. With several tranches totaling $600 million, the transaction has a legal final maturity of 30 years. Three senior classes of $187 million each are rated triple-A by both Kroll and Fitch.

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