Cerberus Capital Management has increased the credit enhancement on its latest securitization of re-performing residential mortgages in line with increased risk in the collateral pool, according to Fitch Ratings.

A total of $1.3 billion of securities will be offered via the deal, dubbed Towd Point Mortgage Trust 2015-4. Credit enhancement on the senior, 'AAA' rated class A notes is at 49.9%, compared with 34.85% for the comparable tranceh of the 2015-3 transaction.

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