General World News

PLS deals backed by jumbo loans plummeted in June

June was a rough month for jumbo-mortgage securitizations, with only two private-label offerings brought to market valued at roughly $821 million.

The two jumbo-loan deals that did make it out of the gate last month were issued by Rocket Mortgage and J.P. Morgan Chase via the Rocket Mortgage Trust and J.P. Morgan Mortgage Trust conduits. The Rocket prime jumbo deal was backed by mortgages valued at $337.9 million and the J.P. Morgan deal was collateralized by jumbo mortgages valued at $483.4 million.

Prior to June, Rocket had sponsored three other prime jumbo securitizations backed by mortgages valued at about $1.9 billion. The details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com