Shellpoint has been marketing another offering of private-label mortgage bonds backed primarily by loans it acquired from Bank of America, National Association, rather than loans originated by its own New Penn subsidiary.

The collateral for the $280 million Shellpoint CoOriginator Trust 2017-1 consists primarily of 30-year, fixed-rate mortgages (99.3%), with only a small percentage of 15-year floating-rate mortgages (0.1%) and seven-year, hybrid adjustable-rate mortgages (0.6%), according to Kroll Bond Rating Agency.

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