Non-QMs Gain Traction in Non-Agency MBS As Chase Joins Nonbanks in Offering Such Deals
November 22, 2017
More than three years after standards for qualified mortgages took effect, investors in the non-agency MBS market appear to be getting more comfortable with products that fall outside its bounda-ries. JPMorgan Chase is preparing to issue a large MBS backed by non-QMs that’s similar to deals from several nonbank issuers.