JPMorgan is planning its third residential mortgage-backed securitization of the year from its J.P. Morgan Mortgage Trust, according to presale reports from Fitch Ratings and Kroll Bond Ratings Agency.

This latest deal totals $345.05 million and features 20 tranches, inluding exchangeable interest-only certificates. There are 15 (five are exchangeable interest-only) classes totaling $320.73 million rated 'AAA' by KBRA; of these, Fitch also rated all 'AAA except the A-M class, which it was not asked to rate. The $3.45 million B-1 notes, the $7.42 million B-2, the $5 million B-3 notes, the $3.62 million B-4 notes, and the $4.83 million B-5 were rated 'A', 'BBB', 'BB', and not rated, respectively, by both agencies.

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