JPMorgan Chase Looking To Sell $303.7 Million In Mortgages

Posted by Patrick Barnard on June 20, 2014 No Comments
Categories : Residential Mortgage

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.

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