Cerberus Capital Management plans at least one more securitziation of re-performing residential mortgages.

The sponsor is marketing $1.1 billion of securities via Towd Point Mortgage Trust 2015-5, just one month after it priced the 2015-4 transaction. The latest deal will offer Fitch rated 'AAA' bonds with credit enehancement at 47.15%; a slight drop relative to the 50% credit support on the senior bonds in the 2015-4 deal but still higher than the first three deals issued by the sponsor this year.

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