The issuance of non-agency residential mortgage-backed securities (RMBS) so far in 2013 is approaching the $11 billion mark, according to Standard & Poor's.

Credit Suisse accounts for around $2.3 billion of the total, with the most recent transaction, CSMC Trust 2013-HYB1, adding up to total of $382 million. The bank has done six deals year-to-date. The bulk of private label deals have for some time been coming from the REIT Redwood Trust, under its Sequioa label.

The rise in home prices and sales could help fuel new issuance in non-agency RMBS, although rate increases could dampen the effect.

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