J.P. Morgan Chase is preparing one of the largest private label mortgage securitizations since the financial crisis. It is backed by a pool of over 6,000 loans totaling nearly $1.9 billion.

But size isn’t the only thing notable about the transaction, dubbed Chase Mortgage Trust 2016-1. According to Fitch Ratings and Moody’s Investors Service, which are both rating the deal, it may be the first issued under the Federal Deposit Insurance Corp.'s (FDIC) securitization safe harbor rule that went into effect September 30, 2010.  

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