JP Morgan bets on MAXEX digital mortgage exchange

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“We are delighted to make this strategic investment in MAXEX as it provides standardization to the rest of the fragmented residential mortgage market,” said Simpson, managing director and head of RMBS non-agent lending and trading at JP Morgan. “We look forward to continued growth for MAXEX as they create a more liquid market for mortgage trading.”

Read more: MAXEX, JP Morgan’s Minority Lender Leveling Partner

In addition to the investment, Pearce said they have created an equity incentive model designed to encourage co-investment in MAXEX from other buyers on the platform and motivate them to trade through the exchange, creating more liquidity for sellers.

“This consortium model is in line with how other leading fixed income markets have achieved widespread market adoption,” he said.

Existing investors such as AGNC Ventures and Moore Asset Backed Fund also took part in the investment. Investment terms were not disclosed.

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