Fitch Ratings said it expects to rate the latest residential mortgage-backed certificates to be issued by Sequoia Mortgage Trust 2011-2.

Redwood Trust ($11.73 0%), the only company to launch private-label residential mortgage securitizations since the financial crisis began in 2008, is issuing the RMBS.

Redwood will bond 473 loans with a total balance of approximately $375 million.

All the loans are prime fixed-rate mortgages originated by six originators. The deal is broken down with 53% of the mortgages originated by First Republic Bank. PHH Mortgage Corp. ($13.89 -0.35%) makes up another 27%.

The rest of the pool was originated by Wells Fargo Home Mortgage (8%) ($30.59 -0.37%), SunTrust Mortgage (7%), PrimeLending (4%), and Sterling Savings Bank (1%).

Distributions of principal and interest and loss allocations are based on a traditional senior-subordinate shifting-interest structure.

Click chart below for breakdown:

Redwood Trust successfully closed an earlier $290 million prime jumbo residential mortgage loan securitization, the only private deal of its kind, earlier this year. Further, a new RMBS from Redwood has been in the works for months. The firm said it intends to issue nearly $1 billion in private RMBS.

Two Harbors Investment said in May it was partnering with Barclays Capital ($14.97 0%) to issue an RMBS worth $250 million. The two firms closed a $100 million mortgage warehouse facility that month to gather prime jumbo loans from select originators.

Write to Jacob Gaffney.

Follow him on Twitter @jacobgaffney.