diff --git a/release-notes/VERSION b/release-notes/VERSION
index 3be57f8372..9c9c1576b3 100644
--- a/release-notes/VERSION
+++ b/release-notes/VERSION
@@ -13,6 +13,8 @@ Project: jackson-databind
  (reported by carrino@github)
 #1191: Non-matching quotes used in error message for date parsing
 #1194: Incorrect signature for generic type via `JavaType.getGenericSignature
+#1195: `JsonMappingException` not Serializable due to 2.7 reference to source (parser)
+ (reported by mjustin@github)
 #1198: Problem with `@JsonTypeInfo.As.EXTERNAL_PROPERTY`, `defaultImpl`, missing type id, NPE
 - Improve handling of custom content (de)serializers for `AtomicReference`
 
diff --git a/src/main/java/com/fasterxml/jackson/databind/JsonMappingException.java b/src/main/java/com/fasterxml/jackson/databind/JsonMappingException.java
index 4ff6c02c57..b6731a3394 100644
--- a/src/main/java/com/fasterxml/jackson/databind/JsonMappingException.java
+++ b/src/main/java/com/fasterxml/jackson/databind/JsonMappingException.java
@@ -89,6 +89,12 @@ public Reference(Object from, int index) {
             _index = index;
         }
 
+        private Reference(Reference src, Object newFrom) {
+            _from = newFrom;
+            _fieldName = src._fieldName;
+            _index = src._index;
+        }
+
         public void setFrom(Object o) { _from = o; }
         public void setFieldName(String n) { _fieldName = n; }
         public void setIndex(int ix) { _index = ix; }
@@ -124,7 +130,24 @@ public Reference(Object from, int index) {
             sb.append(']');
             return sb.toString();
         }
-    }
+
+        /**
+         * May need some cleaning here, given that `from` may or may not be serializable.
+         *
+         * since 2.7.4
+         */
+        Object writeReplace() {
+            // as per [databind#1195], reference may cause trouble, if non-serializable
+            // instance. What to replace it with is trickier; Class is most natural, but
+            // would recipient have that available? Assume this is the case, for now, because
+            // 
+            if ((_from != null) && !(_from instanceof Serializable)) {
+                Object from = _from.getClass();
+                return new Reference(this, from);
+            }
+            return this;
+        }
+}
 
     /*
     /**********************************************************
@@ -141,10 +164,12 @@ public Reference(Object from, int index) {
     /**
      * Underlying processor ({@link JsonParser} or {@link JsonGenerator}),
      * if known.
+     *<p>
+     * NOTE: typically not serializable hence <code>transient</code>
      *
      * @since 2.7
      */
-    protected Closeable _processor;
+    protected transient Closeable _processor;
     
     /*
     /**********************************************************
diff --git a/src/test/java/com/fasterxml/jackson/databind/TestJDKSerialization.java b/src/test/java/com/fasterxml/jackson/databind/TestJDKSerialization.java
index f84ec0a494..dd5c4fe675 100644
--- a/src/test/java/com/fasterxml/jackson/databind/TestJDKSerialization.java
+++ b/src/test/java/com/fasterxml/jackson/databind/TestJDKSerialization.java
@@ -194,5 +194,4 @@ protected <T> T jdkDeserialize(byte[] raw) throws IOException
             objIn.close();
         }
     }
-
 }
diff --git a/src/test/java/com/fasterxml/jackson/databind/interop/ExceptionSerializableTest1195.java b/src/test/java/com/fasterxml/jackson/databind/interop/ExceptionSerializableTest1195.java
new file mode 100644
index 0000000000..102874d8a7
--- /dev/null
+++ b/src/test/java/com/fasterxml/jackson/databind/interop/ExceptionSerializableTest1195.java
@@ -0,0 +1,45 @@
+package com.fasterxml.jackson.databind.interop;
+
+import java.io.*;
+
+import com.fasterxml.jackson.databind.*;
+
+public class ExceptionSerializableTest1195 extends BaseMapTest
+{
+    abstract static class ClassToRead {
+        public int x;
+    }
+
+    static class ContainerClassToRead {
+        public ClassToRead classToRead;
+    }
+
+    public void testExceptionSerializability() throws Exception
+    {
+        final ObjectMapper mapper = new ObjectMapper();
+        try {
+            mapper.readValue("{\"type\": \"B\"}", ClassToRead.class);
+            fail("Should not have passed");
+        } catch (JsonMappingException e) {
+            ObjectOutputStream stream = new ObjectOutputStream(new ByteArrayOutputStream());
+            try {
+                stream.writeObject(e);
+                stream.close();
+            } catch (Exception e2) {
+                fail("Failed to serialize "+e.getClass().getName()+": "+e2);
+            }
+        }
+        try {
+            mapper.readValue("{\"classToRead\": {\"type\": \"B\"}}", ContainerClassToRead.class);
+            fail("Should not have passed");
+        } catch (JsonMappingException e) {
+            ObjectOutputStream stream = new ObjectOutputStream(new ByteArrayOutputStream());
+            try {
+                stream.writeObject(e);
+                stream.close();
+            } catch (Exception e2) {
+                fail("Failed to serialize "+e.getClass().getName()+": "+e2);
+            }
+        }
+    }
+}