Wealth and Asset Management
JP Morgan issues first non-QM credit risk transfer notes
JPMorgan Wealth Management (JPMWM) has issued five classes of credit risk transfer notes that involve non-QM loans, a deal that looks to be the first of its kind, according to Moody’s Investors Service. The transaction includes non-conforming mortgages with an unpaid principal balance of $2.36 billion, according to the ratings…
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