An £821.7 million pool of higher-risk problem UK residential mortgage loans originated by GE Home Money Lending and other GEHML-affiliated is being pooled into in a new Towd Point Mortgage Trust asset-backed offering arranged through Credit Suisse.

Towd Point Mortgage Funding 2016-Vantage 1PLC is a collateralization of loans purchased from GE Capital in 2015 by Promontoria (Vantage), during GE’s global divestment of its financial empire that included its home lending operations that has since ceased originations in the UK.

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