JP Morgan, through its private label conduit, JP Morgan Mortgage Trust, so far this year, has sponsored 13 private label securitization deals backed by jumbo loans valued at $ 13.8 billion.
The deals, ongoing until the end of October, involved more than 14,000 jumbo mortgages, according to pre-sale reports from rating agencies. Data shows that JP Morgan has been a dominant force in the instant loans securitization market so far this year.
MAXEX, an Atlanta-based digital mortgage exchange in which JP Morgan is an investor, released a report this month on private label market activity, revealing that there were a total of eight jumbo loan securitizations assessed in September alone. They were backed by pools of mortgages valued at $ 5.73 billion, according to the MADEX report and additional information from Kroll Bond Rating Agency. The offers included “a massive JP Morgan deal,” which was priced at $ 1.647 billion, “and included loans negotiated through the [MAXEX] exchange, ”the report says.
The other jumbo securitization transactions in September, with the associated credit pool securities, were carried out by the following issuers:
- Wells Fargo, $ 644 million
- Redwood Trust, $ 449 million
- Rocket Mortgage, $ 968 million
- Goldman Sachs, $ 874 million
- Citigroup, $ 345 million
- AIG, $ 429 million
- Provident funding, $ 372 million
The total residential mortgage-backed securities (RMBS) issuance of jumbo loans for 2021 now exceeds $ 33 billion, according to the MADEX report.