Caliber Home Loans is marketing a residential mortgage-backed securitization mainly backed by nonprime loans, called COLT 2016-1 Mortgage Loan Trust.

The securities in the offering will be backed by 368 loans originated and serviced by Caliber, with a total principal balance of $161.7 million. The securities, which were broken up into six classes, were assigned between A and BB ratings by Fitch Ratings and DBRS.

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