JPMorgan (JPM) is prepping its first sale of private-label mortgages since the financial crisis,...

|About: JPMorgan Chase & Co. (JPM)|By:, SA News Editor

JPMorgan (JPM) is prepping its first sale of private-label mortgages since the financial crisis, reports Bloomberg. The revival of non-agency MBS can be seen in the stock price of Redwood Trust (RWT) - other than Credit Suisse - the only issuer of such since 2008. Not subprime, these bonds are backed by good credits on jumbo loans bigger than what the GSEs will accept.