The deal under the CROSS shelf is backed entirely by mortgages originated by CrossCountry Mortgage.

The non-agency securitization market has picked up pace over the past two weeks as issuers prepare to close deals before the end of the year.

Securitization could be used to boost liquidity for CDFIs, but challenges exist for the institutions to enter the secondary market.

Non-agency MBS issuance picked up prior to the election then paused for about a week. Redwood ended the lull.

Two new unrated RTL securitizations were issued in the past couple of weeks despite growing investor interest in rated deals.

Improved execution is prompting some issuers to stock non-agency MBS with agency-eligible investment property loans.

Ginnie Mae Acting President Sam Valverde believes long-term commitment of resources could allow the agency to do more to address nonbank liquidity challenges.

Ginnie Mae Acting President Sam Valverde said loan-level securitization could help liquidity.

JPMorgan Chase remained the top issuer of non-agency MBS in the third quarter, increasing its issuance by 25.8%. (Includes data tables.)

Genesis Capital has issued more than $1 billion in rated residential transition loan securitizations since Morningstar DBRS started rating the securitizations in March.