JPMorgan returns to jumbo mortgage loan securitizations

03/21/2013 | Wall Street Journal, The

JPMorgan Chase will offer a package of securitizations based on hundreds of jumbo home loans that are not supported by government agencies, and many of which were originated by the bank itself. "It's the first [private residential mortgage-backed security] transaction featuring one of the four largest banks in any significant way" since the market shut down during the global financial crisis, said Jordan Schwartz of Cadwalader, Wickersham & Taft.

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Wall Street Journal, The

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