| Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market | ||||
| Managers | Proceeds (mils) | Rank | Mkt. Share | # of Issues |
| JP Morgan | 9,168.4 | 1 | 15.8 | 18 |
| Citigroup | 8,238.7 | 2 | 14.2 | 13 |
| Deutsche Bank AG | 6,828.5 | 3 | 11.8 | 12 |
| Banc of America Securities LLC | 6,552.7 | 4 | 11.3 | 12 |
| Wachovia Corp | 6,459.3 | 5 | 11.1 | 12 |
| Credit Suisse First Boston | 4,943.7 | 6 | 8.5 | 10 |
| Morgan Stanley | 3,703.3 | 7 | 6.4 | 8 |
| Barclays Capital | 3,524.5 | 8 | 6.1 | 9 |
| Merrill Lynch & Co Inc | 2,426.9 | 9 | 4.2 | 4 |
| Lehman Brothers | 1,255.7 | 10 | 2.2 | 3 |
| Industry Total | 57,963.1 | - | 100.0 | 69 |
| Source: Thomson Financial | ||||
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Almost all five A1 tranches benefit from credit enhancement levels of 26.10%. The A1A tranche, however, has a credit enhancement level of 36.10%.
2h ago -
The deal's obligor concentrations—its top and top five obligors account for 9.45% and 37.95% of the pool—are reigned in by WEF's focus on mission-critical essential use equipment.
September 21 -
The release of Fannie Mae and Freddie Mac's internal metrics support this process, but other measures will still be needed, according to Bank of America.
September 21 -
Ed Comber, a pioneer in music catalog securitization, also joined the firm as a partner in structured finance and securitization.
September 21 -
Given current rates are higher than the MBA and Fannie Mae forecasts, the industry could see further downside risk to the housing outlooks in October.
September 21 -
GDLP 2026-2 also has lower levels of initial credit enhancement compared to GDLP 2026-1, at 6.12% versus 5.74%; overcollateralization at 23.90% versus 24.92% and total gross excess spread of 5.55% versus 5.98%.
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