The deals just keep on coming. More crammed into the European pipeline last week as over 20 billion ($25.5 billion) began marketing ahead of the holiday week. Market sources expect much of this paper to price before Information Management Network's Barcelona conference in June.
GMAC RFC prepped its E-MAC DE 2006-1, the latest 500 million RMBS deal for its German subsidiary. It's the second German true-sale RMBS deal from GMAC, offering 437 million of 5.3-year triple- A rated notes along with four subordinated tranches rated from double-A to triple-B with 6.9-year average lives.