By conventional standards, the deal offered a low return and comparatively high risk. But that didn't stop banks and other investors from snapping up a recent $6.5 million mortgage securitization-and asking the issuer for more.

The transaction was the first-ever securitization by Habitat for Humanity International, a Christian ministry that finances homes for the poor. The deal is one of several that mortgage lenders recently delivered to Wall Street without following traditional securitization procedures.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.