JPMorgan Chase & Co., New York, has introduced a new brand of commercial mortgage-backed security called LDP, for "large diverse pools.""Each LDP transaction is expected to be at least $2 billion in size and will have a consistent core group of partners, although the exact mix of partners may vary from deal to deal," JPMorgan said. The first transaction is scheduled to come to market in February, and subsequent deals are planned on a quarterly basis. The company can be found online at http://www.jpmorganchase.com.

Subscribe Now

Authoritative analysis and perspective for every segment of the mortgage industry

30-Day Free Trial

Authoritative analysis and perspective for every segment of the mortgage industry