JP Morgan Chase (NYSE: JPM) Preparing New Commercial Mortgage-Backed Security (CMBS)


JP Morgan Chase & Co (NYSE: JPM) have announced that they are developing a new commercial mortgage-backed security, or CMBS concerning Inland Western Real Estate Trust Inc, rating company, according to a statement made by  Realpoint on Thursday.

This bond will be the first new issue CMBS to be rated by Realpoint, the company said in a statement. Realpoint is a service that compete with Standard and Poor’s Fitch Ratings and Moody’s Investor Services.

Last month, Goldman Sachs managed the first new U.S. issue since the middle of 2008, for the Developers Diversified Realty Corp that Bank of America (NYSE: BAC) is marketing as a commercial mortgage backed security for Fortress Investment Group (NYSE: FIG).