JPMorgan's (JPM) new private-label RMBS - its first since the crisis - likely wouldn't earn a...

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

JPMorgan's (JPM) new private-label RMBS - its first since the crisis - likely wouldn't earn a AAA, says Moody's. The move is part of a continuing battle between issuers and insurers over who should bear the losses for bad loans. Fitch and DBRS have blessed the paper with a AAA. The only other RMBS issuer of note since the crisis - Redwood Trust (RWT) - remains en fuego.