Top 5 cities where safety is not a question

Top 5 cities where safety is not a question

Number one shouldn't be a shocker

Where's Watt?

FHFA scorecard should be marked tardy

Rentership society? Insider trading on Russian sanctions?

What We're Reading: The Good Friday edition
W S
Investments

JPMorgan delays issue of jumbo RMBS

JPMorgan Chase (JPM) is said to be delayed in bringing its first private-label residential securitization to market post-recession.

JPM worked on the deal for months, but had structural issues that are slowing the process.

A spokesperson for JPM declined comment.

However, a source close to the deal went so far as to declare the deal had "been shelved."

Others say the deal may be privately placed instead.

There is growing confidence that big mortgage firms will begin to issue more private RMBS. 

For example, Cerberus Mortgage Capital filed for its IPO recently, unveiling wide ranging plans to purchase residential mortgage-backed securities and mortgage servicing rights, according to the document at the Securities & Exchange Commission.

It is also suggested that Nationstar (NSM) and Ocwen Financial (OCN) are pursuing mortgage origination platforms for the purpose of issuing RMBS, but this is analyst speculation.

jgaffney@housingwire.com

 

Recent Articles by Jacob Gaffney

Comments powered by Disqus