WaMu Covered Bond ‘Investor Reports’

If you would like to see an example of a covered bond issuer’s monthly reporting, including detailed data on the cover pool, this is a good place to start.  The particular covered bonds that are the subject of these reports also have historical significance, since they were a “first” for the U.S. when Washington Mutual introduced them in 2006.  Of course, they are now under the aegis of JPMorgan, on whose website these reports currently reside.

The WaMu covered bonds were issued in three series, with maturities from 2011 to 2014, sharing a cover pool in common.  In these reports, you can see (among other things) the exact composition of this pool—the types of mortgage loans included, their states and dates of origination, current LTV ratios, delinquencies, and much more.

To download the WaMu covered bond investor reports on JPMorgan’s website, click here to reach the terms & conditions page (which precedes the index).