Chases Non-Agency Jumbo MBS Would Not Have Received a AAA Rating from Moodys
March 29, 2013
Moodys Investors Service issued a special comment this week to warn that the new non-agency jumbo MBS issued by JPMorgan Chase would not have received a AAA rating from Moodys, had the firm been asked to rate the deal. The rating service raised concerns about representations and warranties and a lack of risk retention on the deal.