JP Morgan began marketing another $402 million of securities backed by residential mortgages this week, adding to its robust pipeline of fourth quarter deals.

A pool of seven-year, hybrid adjustable rate mortgages backs the latest deal, according to Fitch Ratings. Similar to the several deals the bank has issued in recent weeks, the pool consists of prime quality mortgages originated by First Republic Bank. The borrowers have strong credit profiles, with a weighted average credit score of 764; and low leverage as evidenced by a weighted average loan-to-value (LTV) ratio of o 63.1%.

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