Citigroup subsidiary Dukinfield Mortgages, formerly known as Future Mortgages, plans to offer £485 million ($747 million) of securities backed by reperforming residential U.K. mortgages.

All of the originators of the loans used as collateral (Amber Homeloans Ltd., CitiFinancial Europe PLC, Future Mortgages Ltd., Rooftop Mortgages Ltd., and Southern Pacific Mortgage Ltd.) have stopped lending. Around 60.0% of loans have a clean history; a total of 9.32% are delinquent; 5.19% of them for less than 30 days and 2.63% for between 30 and 60 days.

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