JPMorgan Chase is reportedly looking to sell a portfolio of prime 15-year non-agency mortgages valued at about $303.7 million onto the secondary market.
As per a Bloomberg News report, most of the loans had original balances larger than the current threshold for jumbo mortgages. About 14.5% are smaller than $400,000.
The deal follows WinWater Home Mortgage's sale of about $250 million of jumbo loans earlier this week – its first non-agency bond transaction. What's more, Citigroup is gearing up to sell about $219 million in loans, indicating there is increasing investor appetite for mortgage-backed securities.
For more, check out the Bloomberg News report.