| Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market | ||||
| Managers | Proceeds (mils) | Rank | Mkt. Share | # of Issues |
| JP Morgan | 8,270.8 | 1 | 13.2 | 13 |
| Deutsche Bank AG | 7,263.3 | 2 | 11.6 | 13 |
| Merrill Lynch & Co Inc | 7,246.0 | 3 | 11.6 | 9 |
| Citigroup | 6,870.1 | 4 | 11.0 | 12 |
| Banc of America Securities LLC | 5,947.1 | 5 | 9.5 | 10 |
| Wachovia Corp | 5,005.3 | 6 | 8.0 | 11 |
| Barclays Capital | 4,782.8 | 7 | 7.6 | 9 |
| Credit Suisse First Boston | 4,561.9 | 8 | 7.3 | 9 |
| Goldman Sachs & Co | 3,564.1 | 9 | 5.7 | 4 |
| HSBC Holdings PLC | 2,771.4 | 10 | 4.4 | 4 |
| Industry Total | 62,639.2 | - | 100.0 | 61 |
| Source: Thomson Financial | ||||
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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%.
September 18 -
Federal Reserve Vice Chair for Supervision Michelle Bowman Friday highlighted a pair of new provisions to the final stress test framework that arose from public commentary submitted to the agency last year.
September 18 -
To keep cash flowing to the notes, the deal's senior notes have an interest reserve account covering three months' worth of class A note interest payments and fees.
September 17 -
With 55% of homeowners planning to renovate rather than relocate, demand for home improvement capital will be strong even if the purchase market slows further.
September 17 -
Classes A-1FCF through A-1F will repay noteholders on a pro rata basis, while classes A2 through B3 will be repaid sequentially.
September 17 -
Last week's bond market turmoil continued leading up to the FOMC decision on Wednesday, pushing the 30-year fixed to near or over 7%, depending on the source.
September 17








