Shellpoint Partners is preparing to issue its first private-label residential mortgage-backed security since walking away from its last deal in 2013.

The deal, Shellpoint Co-Originator Trust 2015-1, is comprised of fixed-rate, first-lien, prime quality residential mortgages. The securitization includes loans from Shellpoint's lending subsidiary, New Penn Financial, and Bank of America's whole loan aggregation program, according to a Moody's Investors Service presale report.

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