...Fitch Ratings expects to rate the residential mortgage-backed certificates backed by the first- and second-lien, prime, open home equity line of credit (HELOC) on residential properties to be issued by J.P. Morgan Mortgage Trust 2026-HE2 (JPMMT 2026-HE2), as indicated above. This is the 11th transaction to be rated by Fitch that includes prime-quality first and second-lien HELOCs with open draws off the JPMMT shelf, and the 11th HELOC transaction off the JPMMT shelf. The transaction is expected to close on Oct. 30, 2026. The loans associated with the draws allocated to the participation certificates are 4,531 prime- quality, performing, adjustable-rate open-ended HELOCs that have up to 10-year interest-only (IO) periods and maturities of up to 30 years. The draws on the HELOCs are secured by first (9.23%) and second liens (90.77%) on primarily one- to four-family residential properties (including planned unit developments), condominiums, townhouses and a site condo totaling $601.87 million...
