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Home » Store » Non-Agency MBS » Flagstar to Issue Jumbo MBS, Joining Chase As the Only Active Bank Issuer in the Market

Flagstar to Issue Jumbo MBS, Joining Chase As the Only Active Bank Issuer in the Market

$55.00
Non-Agency MBS

Product Details

The jumbo mortgage-backed security market is set for a significant boost as Flagstar Bank will issue MBS. Since 2015, only one bank has issued jumbo MBS: JPMorgan Chase. Other issuers have all been nonbanks as banks have largely opted to retain jumbos in portfolio instead of issue non-agency MBS.Some details about the planned Flagstar Mortgage Trust 2017-1 were revealed this week in documents filed with the Securities and Exchange Commission ...
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