Cerebrus Capital Management is planning its third securitization of seasoned, re-performing residential mortgages, according to a presale report from Fitch Ratings.

The $814 million Towd Point Mortgage Trust (TPMT) 2015-3 is backed by 4,239 peak-vintage loans that have all been modified at least once since origination, but are now current. Nearly 94% of the loans have 84 months of clean pay history, while the remaining 6% are at least 36 months post-delinquency.

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