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JPMAC 2007-CH5 Prospectus Chase Home Finance, LLS is originator and JPMAC2007-CH5 is the security name

JPMAC 2007-CH5 Prospectus Chase Home Finance, LLS is originator and JPMAC2007-CH5 is the security name

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Published by 83jjmack
This is the prospectus from a security trust (mortgage pool) of loans that Chase Home Finance, LLC originated.
This is the prospectus from a security trust (mortgage pool) of loans that Chase Home Finance, LLC originated.

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Published by: 83jjmack on Jun 09, 2010
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04/15/2013

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Prospectus Supplement dated June 28, 2007 (To Prospectus Dated April 26, 2007)
 $1,169,024,000 (APPROXIMATE)
 J.P. MORGAN MORTGAGE ACQUISITION TRUST 2007-CH5
  Issuing Entity
 ASSET-BACKED PASS THROUGH CERTIFICATES, SERIES 2007-CH5 J.P. MORGAN MORTGAGE ACQUISITION CORP.
 Sponsor and Seller
 J.P. MORGAN ACCEPTANCE CORPORATION I 
  Depositor
 JPMORGAN CHASE BANK, NATIONAL ASSOCIATION 
 Originator and Servicer
 __________________ 
Consider carefullythe risk factorsbeginning on pageS-11 in thisprospectussupplement and onpage 6 in theprospectus.
The certificates willrepresent obligationsof the J.P. MorganMortgageAcquisition Trust2007-CH5 only andwill not represent aninterest in, or anobligation of J.P.Morgan AcceptanceCorporation I, J.P.Morgan MortgageAcquisition Corp.,J.P. MorganSecurities Inc. or any other entity.
J.P. Morgan Mortgage Acquisition Trust 2007-CH5 will issue:
 
Five classes of senior certificates;
 
 Nine classes of subordinate certificates; and
 
Three other classes of non-offered certificates.The classes of certificates offered by this prospectus supplement and the initial class principal amounts thereof andinterest rates thereon are listed or described in the table on page S-1 of this prospectus supplement. This prospectussupplement and the accompanying prospectus relate only to the offering of certificates listed in the table that beginson page S-1 under “Summary—The Certificates—Offered Certificates” and not to the other classes of certificatesthat will be issued by the trust fund listed under “Summary—the Certificates—Non-Offered Certificates”.The assets of the trust fund will primarily consist of a pool of first lien adjustable and fixed rate mortgage loans.The mortgage loans will be segregated into two groups, one consisting of mortgage loans with principal balancesthat conform to certain agency principal balance guidelines and one consisting of mortgage loans with principal balances that may or may not conform to such principal balance guidelines. The mortgage loans will have theadditional characteristics described in “Description of the Mortgage Pool” in this prospectus supplement.Principal and interest on the certificates will be payable monthly, beginning on the distribution date in July 2007, asdescribed in this prospectus supplement. Credit enhancement for the offered certificates will consist of subordination, overcollateralization, excess interest and an interest rate swap agreement provided by JPMorganChase Bank, National Association.J.P. Morgan Securities Inc., referred to as the underwriter, will offer the offered certificates from time to time to the public in negotiated transactions or otherwise at varying prices to be determined at the time of sale. Theunderwriter has the right to reject any order. Proceeds to J.P. Morgan Acceptance Corporation I from the sale of theoffered certificates before deducting expenses, will be approximately $1,165,163,851. Expenses are estimated to be$1,000,000. The underwriter’s commission will be any positive difference between the price it pays to thedepositor for the offered certificates underwritten by it and the amount it receives from the sale of such securities tothe public. See “Method of Distribution” in this prospectus supplement.
Neither the Securities and Exchange Commission nor any state securities commission has approved ordisapproved the certificates or determined if this prospectus supplement or the accompanying prospectus istruthful or complete. Any representation to the contrary is a criminal offense.
Delivery of the offered certificates will be made on or about July 12, 2007 in book-entry form.
 
JPMorgan
 
 i
IMPORTANT NOTICE ABOUT THE INFORMATION PRESENTED IN THISPROSPECTUS SUPPLEMENT AND THE ACCOMPANYING PROSPECTUS
We tell you about the certificates in two separate documents that progressively provide more detail: (1) theaccompanying prospectus, which provides general information, some of which may not apply to your certificates,and (2) this prospectus supplement, which describes the specific terms of your certificates and may be different fromthe information in the prospectus.You should be certain to review the information in this prospectus supplement for a description of thespecific terms of your certificates and the prospectus for additional information concerning your certificates.We include cross-references in this prospectus supplement and the accompanying prospectus to captions inthese materials where you can find further related discussions. The table of contents for this prospectus supplementand the table of contents included in the accompanying prospectus provide the pages on which these captions arelocated.You can find a listing of the pages where capitalized terms used in this prospectus supplement are definedunder “Index of Certain Definitions” in this prospectus supplement.
WHERE YOU CAN FIND MORE INFORMATION
Federal securities law requires the filing of certain information with the Securities and ExchangeCommission (the “SEC”), including annual, quarterly and special reports, proxy statements and other information.You can read and copy these documents at the public reference facility maintained by the SEC at 100 F Street, N.E.,Washington, DC 20549.Please call the SEC at 1-800-SEC-0330 for further information on the public reference rooms. SEC filingsare also available to the public on the SEC’s web site at http://www.sec.gov. The SEC allows us to “incorporate byreference” the information we file with it, which means that we can disclose important information to you byreferring you to those documents. The information that we incorporate by reference is considered to be part of this prospectus supplement, and later information that we file with the SEC will automatically update and supersede thisinformation.This prospectus supplement and the accompanying prospectus are part of a registration statement filed bythe depositor with the SEC. You may request a free copy of any of the above filings by writing or calling:J.P. MORGAN SECURITIES INC.JPMSI OPERATIONS10 SOUTH DEARBORN STREETMAIL CODE IL1-0237CHICAGO, ILLINOIS 60670(312) 732-8505You should rely only on the information provided in this prospectus supplement or the accompanying prospectus or incorporated by reference herein. We have not authorized anyone else to provide you with differentinformation.
 
 ii
TABLE OF CONTENTSPROSPECTUS SUPPLEMENT
SUMMARY..........................................................S-1
 
RISK FACTORS.................................................S-11
 
DESCRIPTION OF THE MORTGAGE POOL..S-24
 
General............................................................S-24
 
The Mortgage Loans........................................S-24
 
The Index.........................................................S-63
 
DELINQUENCY, FORECLOSURE,BANKRUPTCY AND REAL ESTATE OWNEDINFORMATION FOR THE MORTGAGELOANS................................................................S-63
 
THE DEPOSITOR..............................................S-64
 
THE SPONSOR..................................................S-64
 
General............................................................S-64
 
Securitization Activities of the Sponsor..........S-64
 
STATIC POOL INFORMATION.......................S-65
 
THE ORIGINATOR............................................S-65
 
General............................................................S-65
 
JPMorgan Chase Bank, NationalAssociation......................................................S-65
 
AFFILIATES AND RELATEDTRANSACTIONS...............................................S-89
 
THE SERVICER.................................................S-89
 
JPMorgan Chase Bank, NationalAssociation......................................................S-89
 
Delinquency, Loss, Bankruptcy andRecovery..........................................................S-90
 
Advances.........................................................S-91
 
Collection Procedures......................................S-91
 
THE CUSTODIAN.............................................S-91
 
DESCRIPTION OF THE CERTIFICATES........S-92
 
General............................................................S-92
 
Book-Entry Certificates...................................S-93
 
Glossary...........................................................S-93
 
Allocation of Available Funds.........................S-99
 
Distributions of Interest.................................S-100
 
Distributions of Principal...............................S-101
 
Credit Enhancement......................................S-103
 
Overcollateralization Provisions....................S-103
 
Allocation of Losses; Subordination..............S-105
 
Certificate Interest Rates................................S-105
 
 Net WAC Reserve Fund................................S-107
 
The Interest Rate Swap Agreement, theSwap Provider and the Swap Account...........S-107
 
Calculation of Certificate Index.....................S-110
 
Example of Distributions...............................S-111
 
Reports to Certificateholders.........................S-112
 
Final Scheduled Distribution Date.................S-113
 
Optional Clean-Up Call.................................S-113
 
FEES AND EXPENSES OF THE TRUSTFUND................................................................S-114
 
THE POOLING AGREEMENT.......................S-115
 
General..........................................................S-115
 
Assignment of the Mortgage Loans...............S-115
 
Servicing and AdministrativeResponsibilities..............................................S-117
 
Payments on Mortgage Loans; Deposits toCollection Account and DistributionAccount..........................................................S-118
 
Modifications of Mortgage Loan Terms........S-119
 
Advances.......................................................S-119
 
Optional Purchase of Defaulted Loans..........S-120
 
Servicing and Other Compensation andPayment of Expenses.....................................S-120
 
Servicer Events of Default.............................S-121
 
The Issuing Entity..........................................S-122
 
The Trustee....................................................S-123
 
The Trust Oversight Manager........................S-124
 
Voting Rights.................................................S-125
 
Compliance with Applicable ServicingCriteria and Servicer Attestation...................S-125
 
Amendment...................................................S-125
 
YIELD, PREPAYMENT AND WEIGHTEDAVERAGE LIFE...............................................S-126
 
Additional Information..................................S-127
 
Weighted Average Lives...............................S-127
 
YIELD SENSITIVITY OF THESUBORDINATE CERTIFICATES..................S-140
 
USE OF PROCEEDS........................................S-140
 
MATERIAL FEDERAL INCOME TAXCONSEQUENCES............................................S-141
 
General..........................................................S-141
 
Tax Treatment of the Offered Certificates.....S-141
 
Additional Considerations with Respect tothe Offered Certificates..................................S-142
 
Reportable Transactions................................S-143
 
Other Taxes...................................................S-143
 
ERISA MATTERS............................................S-143
 
General..........................................................S-143
 
Application of the Underwriter’s ExemptionS-144
 
ERISA Considerations with respect to theInterest Rate Swap Agreement......................S-145
 
METHOD OF DISTRIBUTION.......................S-146
 
LEGAL MATTERS..........................................S-146
 
ACCOUNTING CONSIDERATIONS.............S-146
 
RATINGS..........................................................S-146
 
LEGAL INVESTMENT....................................S-147
 
INDEX OF CERTAIN DEFINITIONS.............S-148
 
ANNEX I GLOBAL CLEARANCE,SETTLEMENT AND TAXDOCUMENTATION PROCEDURES..................I-1ANNEX II INTEREST RATE SWAPSCHEDULE.........................................................II-1

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