Springleaf Financial is planning an RMBS deal called Springleaf Mortgage Loan Trust 2012-3 structured with one senior note, four mezzanine notes, two subordinate notes, one residual note, and one trust certificate, according to a Standard & Poor's presale report.

S&P has assigned the $538.4 million, class A notes a 'AAA' rating. The class M-1 notes sized at $93.7 million will be rated 'AA'; the $51 million class M-2 notes are rated 'A+' and $64.9 million of class M-3 notes are rated 'A-'.

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