Caliber Home Loans is preparing a second subprime residential mortgage securitization, just months after completing their first U.S. subprime asset-backed deal of the post-crisis era.

COLT 2016-2 Mortgage Loan Trust is a planned $221.3 million securitization of 510 first-lien subprime loans, according to publicly filed documents detailing a third-party due diligence review of the collateral loans.

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