Redwood Trust (RWT), the only steady issuer of private-label residential mortgage-backed securities, is growing with the firm hiring for several positions at its new operations and servicing facility in Colorado.

Seven of the jobs are located in the company's new Denver office, with the company also hiring at its Mill Valley, Calif.-based location.

The issuer of non-agency jumbo securities is hiring in the wake of a positive earnings report, with Redwood Trust pulling in a third-quarter net profit of $40 million, or 48 cents a share, up from $1 million, or one cent a share, a year earlier. 

Redwood Trust recently announced its fifth RMBS deal this year, with the transaction focusing heavily on the securitization of 30-year, fixed-rate, first-lien mortgages.

Kroll Bond Ratings recently studied the fifth Sequoia Mortgage Trust Redwood transaction and discovered the company increased the number of mortgage originators included in the deal, but cut back on the number of sedcond -liens to enhance the quality of the overall transaction.