Lehman Brothers nearly edged out Bear Stearns from its spot as the top U.S. RMBS manager in 2006, but about $400 million stood in the way of its topping Bear, which has led the RMBS league tables for three consecutive years.

Bear ended the year selling nearly $100 billion in agency and non-agency RMBS and had a 9.9% market share under its belt with 116 issues, according to Thomson Financial data. Lehman managed 128 deals, totaling $99.6 billion and earning the bank a 9.8% market share.

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