JPMorgan Chase Bank is in the market with a mortgage risk-sharing deal that is analogous to those issued by Fannie Mae under the label Connecticut Avenue Securities (CAS), according to a pre-sale report from Fitch Ratings.

Called J.P. Morgan Madison Avenue Securities Trust, Series 2014-1, the transaction tracks the performance of a $989-million reference pool of agency mortgages originated by the bank. The loans in the pool are being delivered to Fannie Mae which will then bundle them into a Fannie-guaranteed MBS.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.