The $166 million unrated deal is the first in a shifting strategy for the RTL lender.

The lender completed a capital raise, with plans to originate more residential transition loans and potentially issue MBS.

DSCR and investor loans are seeing strong interest from investors due to the housing market and new rating methodologies.

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

New rating criteria for securitizations of residential transition loans have helped increase uniformity across recent issuance.

The real estate mortgage trust is ramping up its acquisitions of residential transition loans in hopes of building a steady pipeline of rated RTL MBS deals in the coming quarters.

While profits at the business-purpose lender declined in the second quarter, executives at the nonbank are optimistic about growth.

Non-QM, home equity originations and business-purpose loans from Newrez and Genesis Capital helped Rithm in the second quarter.

Kiavi, a residential transition loan lender, closed one unrated securitization last week and is marketing another rated issuance.

Voxtur and Deephaven team on mortgage pipeline technology; CMG Mortgage to use FICO Score 10 T; Riskspan analyzes RTLs; ex-CEO of Genesis Capital launches new lending company.