Reposted from 4.10.19 IFR article:

“…JP Morgan sold a roughly US$440m securitization of prime jumbo mortgages that do not meet qualified mortgage rules on Wednesday, a first for the bank according to ratings agencies.

The bonds are tied to prime jumbo mortgages that are considered non-QM because most of them were underwritten using tax transcripts instead of a signed tax return…”

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