Securitized Products Weekly

研报英文原文证据摘录

Securitized Products Weekly

J P M O R G A N North America Securitized Products

Research

10 July 2026

July 10, 2026

Securitized Products & Public

Finance Research

John Sim AC

(1-212) 834-3124

john.sim@jpmorgan.com

J.P. Morgan Securities LLC

MBS Market Commentary Nicholas Maciunas, Alexander Kraus, Sanjana

Prasad, Varun Gupta

Investors tilted UIC as rates drifted higher, but spreads were mostly unchanged. J.P. Morgan Cazenove is acting as

MBS holdings have not been a major focus of the three members assigned to the corporate broker and financial adviser to

balance sheet task force. Specs are at a more attractive entry point, with the DCC plc in connection with an indicative

pendulum having swung away from call protection into the selloff. This month, cash proposal (the “Proposal”) from

higher coupons largely undershot models with the exception of 6-8 WALA 6.5 Energy Capital Partners, LLC and

major pools, which surged higher. We review the acceleration of in-the-money Mr.

Kohlberg Kravis Roberts Co. L.P. (together

Cooper collateral post Rocket merger and the growth in VS4 scored loans.

the “Consortium”) as announced on 29th

April 2026. This research report and the

RMBS Credit Commentary John Sim, Ani Gelashvili, Isabella Lee

information contained herein is not

June was a record month for Non-QM issuance. AAA spreads widened on supply

intended to provide voting advice, serve as

technicals, which should be a buying opportunity versus secondary deals that trade

an endorsement of the proposedtighter. Home prices are growing slowly and regional divergence is clear. We look

transaction or result in procurement,at the execution math of agency-eligible loans in PLS across occupancy types. We