Van Eck Global, the New York-based fund provider behind the Market Vectors ETFs, filed paperwork with U.S. regulators to market an ETF that serves up exposure to nonagency residential mortgage-backed securities, a segment of the property market that has benefited from the ultra-low interest rate policies in place.

The Market Vectors Non-Agency RMBS ETF will track a proprietary index comprising nonagency mortgage-backed securities backed by residential mortgage loans, also called RMBS. These loans are collateralized by pools of mortgage loans offered by commercial banks and specialty finance companies, the filing said.

As nonagency loans, the ETF will be investing in securities that won’t qualify as collateral for securities that are issued by Ginnie Mae, Fannie Mae or Freddie Mac.

Funds that tap into mortgage-backed securities found themselves on the front line of a Federal Reserve promise to buy $40 billion in mortgage-backed securities every month indefinitely as it looks to spur job growth and ease borrowing costs.

The Fed’s move has not only spurred a new wave of refinancing, but has also led to an uptick in actual property purchases, helping fuel what many see as a budding recovery in the U.S. housing market.

Housing was at the center of the 2008 credit crisis once the level of subprime indebtedness overhanging the market became apparent. Home values across the country still remain roughly one-third off their peak values seen just six years ago.

The filing didn’t provide ticker or fee details.