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Volume 14 - Number 22

October 31, 2014

Fannie, JPMorgan Chase Pioneer New Risk-Sharing Transaction

Fannie Mae and JPMorgan Chase announced this week they are collaborating in a new risk-sharing vehicle that features recourse provided to the GSE on nearly $1 billion of new Chase originations. Separately, Freddie Mac has priced two more Structured Agency Credit Risk Transactions. JPMorgan Madison Avenue Securities Trust 2014-1 will simulate the behavior of a $989 million pool of JPMorgan-originated mortgages delivered into Fannie-guaranteed MBS.

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This biweekly covers the housing-related government-sponsored enterprises with experienced, expert analysis.



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With originations expected to drop in 2018, will your shop turn to non-QM/non-prime mortgage products as a way to bolster volumes?

Yes, definitely. We’re planning a launch.


No. It’s still difficult compliance/regulatory-wise.


Maybe. It’s under consideration.


Not now. But things could change as 2018 progresses.