JPM prices inaugural high LTV jumbo RMBS

housing 230x150
By Alexander Saeedy
28 Nov 2018

JPMorgan Chase (JPM) priced a $459m RMBS deal backed exclusively by mortgages with high loan-to-value ratios on Thursday, the latest in a rapidly diversifying market of non-agency mortgage credit.

All the tranches were rated Aaa by Moody’s, except for the bottom A13 tranche which was rated Aa1. Reflective of a generally flatter credit curve, the spread differential between the shortest duration two year bond and the

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