Lehman Brothers topped the preliminary Thomson Financial first half of the year manager activity rankings for combined agency and non-agency RMBS, outpacing usual top placers UBS and Bear Stearns.

Lehman scored top honors with $42.8 billion sold and an 11.4% market share, gaining ground after placing only third in both the 2004 second half and 1Q05 league tables. Last year, Lehman sold comparatively less at $39.8 billion, garnering a 10.2% market share. Perennial chart topper UBS is a not-so-distant second thus far in 2005 with $42 billion in proceeds and an 11.2% market share. By contrast, UBS was first place and sold considerably more over the same period last year at $47.7 billion, equivalent to a 12.3% market share.

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