Towd Point Mortgage Trust is adding more "dirty" pool assets into its fourth re-performing mortgage securitization of 2016.

In its new 2016-4 transaction, Towd is collateralizing 3,383 formerly troubled loans with a pool balance of $649.21 million into a nine-note structure. More than 70% of the loans have received modifications, and 61% have been current and re-performing for the 24 months prior to the cutoff date for the pool.

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