JPMorgan Chase Issues First RMBS Since 2007

13503_sale JPMorgan Chase Issues First RMBS Since 2007 The long-dormant private-label market has received a jolt: For the first time since 2007, JPMorgan Chase & Co. is planning to sell $616 million in residential mortgage-backed securities (RMBS) that do not carry a government guarantee.

According to a Dow Jones Newswire report, the RMBS issue – J.P. Morgan Mortgage Trust, Series 2013-1 – is backed by 752 jumbo loans originated primarily by the lender and First Republic Bank. Fitch Ratings, which announced the issue's release, has given the offering a ‘high-quality’ rating.

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