Caliber Home Loan’s second securitization of nonprime residential mortgages is receiving more favorable ratings agency treatment with the inclusion of higher-quality loans from a third-party originator.

While the provisional ratings assigned Tuesday by Fitch Ratings and DBRS to the $216.7 million COLT 2016-2 match that of the company’s first nonprime RMBS in June, projected loan losses are reduced and the new deal is seen as an improvement under the Consumer Financial Protection Bureau’s “ability to repay” standards.

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