Despite a politically charged first half of 2000 and a dramatic slowdown in origination versus previous years, the usual suspects once again topped the league tables for residential mortgage-backed securities. MBS stalwart Lehman Brothers kept its year-to-date No. 1 position for lead book manager and Credit Suisse First Boston took the crown for the second quarter alone, according to Thomson Financial Securities Data.
On a year-to-date basis, Lehman Brothers ranked first for RMBS, with proceeds of $12.3 billion and 20.5% of the market share. Credit Suisse First Boston, with $9.7 billion in proceeds and 16.3% of the market, took the second position in the year-to-date tables, moving up from No. 4 for the same time period last year; and Merrill Lynch & Co. came in third for the first half of 2000, with $7.1 billion in proceeds and 11.9% of market share. For the same time period of 1999, Merrill was ranked No. 5, with $16.9 billion in proceeds.