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It was only a matter of time. On the heels of a comeback in U.S. housing, there are signs of life in the market for private-label mortgage bonds. These securities slice and dice home loans but are not guaranteed by Freddie Mac, Fannie Mae or other government-related bodies. Since the mortgage boom – when more than $1-trillion (U.S.) of bonds were issued in 2005 and in 2006, according to Inside Mortgage Finance – and the subsequent bust, there have been just a smattering of private deals. But this week, two sales have surfaced back-to-back, including a $616-million deal from JPMorgan.