Capital One Financial Corp. will acquire $41 billion of mortgage loans and $20 billion in various types of MBS as part of its $9 billion purchase of ING Direct USA.

According to Capital One's investor presentation, just over 60% of the residential loan portfolio was originated in 2008 or later. Most of the loans are five- and seven-year ARMs with an average (original) loan-to-value ratio of 66% and a current FICO score of 746.

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