Georgia-based investment property lender has announced a new type of securitization backed by deferred-pay RTLs.

PennyMac looks to re-enter the jumbo MBS market after last issuing a deal in 2013.

Industry watchers said potential changes at the GSEs under the new Trump administration could lead to challenges for the secondary market.

Roc360’s latest RTL deal is the first from its real estate investment trust, which is a partnership with Temasek, a Singaporean sovereign wealth fund.

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.