Redwood priced three securitizations in a week for the first time through each of these affiliates in the second quarter. "At Sequoia, newly launched products now represent more than 30% of our quarterly lock volume," he said. Home equity lines of credit and medical professional loans have been among the new product types Redwood reported seeing gains during the quarter. Given the passage of housing legislation that did not include a proposal that would have put restrictions on the build-to-rent market, Redwood anticipates growth in this area. Redwood stock was trading down 8.5% on the day at $4.52 per share at press time on Tuesday afternoon.