Three prime jumbo residential mortgage-backed securities deals entered the market this week with plans to close by the end of the month, according to ratings agencies presale reports.

Another pair of large-loan RMBS deals are expected to launch soon, as well, per ABS 15-G due-diligence report filings with the Securities and Exchange Commission.

The three new announced deals from Woodward Capital Management, Redwood Trust and Wells Fargo, plus forthcoming offerings from Morgan Stanley Capital and Goldman Sachs, will add to the $4.67 billion issuance volume of large-loan, non-agency RMBS deals this year through five issuers.

Redwood Trust’s new issuance will be its second of the year, matching the output from JPMorgan and – for the time being – Goldman, which will soon launch its third deal, GS Mortgage-Backed Securities Trust 2021-PJ3.

Morgan Stanley Residential Mortgage Loan Trust 2021-1 will be the firm's first prime-jumbo transaction of the year, and will be rated by Fitch Ratings and DBRS Morningstar.

The 2020 full-year volume for prime jumbo and “super”-jumbo transactions was $19.37 billion.