S&P picks on R&Ws as JPM prices RMBS

By Matthew Scully
26 Jun 2014

As JP Morgan priced a $303m jumbo non-agency RMBS this week, investors kept quiet on the subject of representations and warranties, an issue that caused debate the last time the bank printed a jumbo deal. Standard & Poor's highlighted the topic in a pre-sale report for the new transaction.

The class '1-A-1' and '2-A-1' notes in JP Morgan Mortgage Trust 2014-2 deal were priced at a cash price of 102.07, a person close to the deal confirmed. The class '2-A-2' tranche was priced at 103.27.

JP Morgan’s transaction is the second jumbo issuance from the bank this ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial