RMBS issuers rush to market ahead of Thanksgiving

Interest rate yield return index mortgage adobe stock AS 230x150
By Max Adams
27 Nov 2019

RMBS sponsors rushed to price new deals before the US market closed for the Thanksgiving holiday, with two deals clearing the pipeline on Tuesday, while a “milestone” RMBS crossed the finish line on Wednesday afternoon.

JP Morgan and FirstKey priced new deals on Tuesday. JP Morgan’s JPMMT 2019–9 is a $681m prime jumbo mortgage securitization, backed by a pool of 998 residential mortgages made to borrowers with an average FICO score of 766.

FirstKey, meanwhile, priced a deal from its Towd ...

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