| Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market | ||||
| Managers | Proceeds (mils) | Rank | Mkt. Share | # of Issues |
| JP Morgan | 10,482.7 | 1 | 13.7 | 16 |
| Deutsche Bank AG | 8,969.1 | 2 | 11.7 | 16 |
| Citigroup | 8,299.9 | 3 | 10.8 | 14 |
| Banc of America Securities LLC | 8,252.2 | 4 | 10.8 | 13 |
| Merrill Lynch & Co Inc | 7,943.7 | 5 | 10.4 | 10 |
| Wachovia Corp | 7,642.0 | 6 | 10.0 | 15 |
| Barclays Capital | 5,998.2 | 7 | 7.8 | 11 |
| Credit Suisse First Boston | 5,028.5 | 8 | 6.6 | 10 |
| Goldman Sachs & Co | 3,564.1 | 9 | 4.7 | 4 |
| HSBC Holdings PLC | 3,334.4 | 10 | 4.4 | 5 |
| Industry Total | 76,634.0 | - | 100.0 | 74 |
| Source: Thomson Financial | ||||
-
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








