Caliber Homes Loans has achieved its first triple-A ratings for a subprime residential mortgage securitization in just its third asset-backed transaction since launching its platform this summer.

The $225.75 million COLT 2016-3 Mortgage Loan Trust was assigned ‘AAA’ ratings on its $129.9 million Class A tranche of notes that are secured by non-prime jumbo alternative mortgages or home loans to high-risk credit borrowers.

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