Bear, Stearns & Co. Inc., one of the forefathers and innovators of residential mortgage-backed securities, is reigning supreme once again. Showing its might in the league tables, it grabbed the No. 1 slot for RMBS underwriters for the first half of 2001, according to Thomson Financial.

Bear's $27.56 billion in year-to-date MBS proceeds catapulted it to the top spot, helping it gain an 18% market share and eclipse competitors Credit Suisse First Boston and UBS Warburg.

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