Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market | ||||
Managers | Proceeds (mils) | Rank | Mkt. Share | # of Issues |
Wachovia Securities | 9,248.1 | 1 | 16.821 | 14 |
JPMorgan Securities | 6,893.32 | 2 | 12.538 | 15 |
Banc of America Securities | 5,461.4 | 3 | 9.934 | 10 |
Citigroup Global Markets | 5,070.9 | 4 | 9.223 | 10 |
Credit Suisse | 3,653.0 | 5 | 6.644 | 7 |
Deutsche Bank Securities | 2,911.1 | 6 | 5.295 | 7 |
Barclays Capital | 2,834.3 | 7 | 5.155 | 6 |
ABN AMRO | 2,783.0 | 8 | 5.062 | 5 |
Merrill Lynch | 2,726.4 | 9 | 4.959 | 5 |
HSBC Securities | 2,713.2 | 10 | 4.935 | 4 |
Industry Total | 54,978.6 | - | 100.0 | 58 |
Source: ASR Scorecard database |
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The trust employs a 24-month revolving period. There is an increased risk that collateral quality could deteriorate as the transaction evolves with new collateral.
March 27 - Yahoo Finance Feed
The banking giant has launched an online platform that links small-business owners and entrepreneurs in need of capital to community development financial institutions. The platform was developed in partnership with Community Reinvestment Fund USA.
March 27 -
Audited financials, proof of fidelity bonds and errors and omissions insurance must be provided on Ginnie Mae Central after May 13.
March 27 -
Aside from the cash flow stabilization, another credit positive to the deal, TAH Operations is property manager to the portfolio, and has strong processes and controls.
March 27 -
Four tranches of class A notes make up the capital structure, and they all benefit from 3.00% in total initial hard credit enhancement.
March 26 -
Seven of the loans, 27.7% of the pool balance, are secured by multiple properties or have a component of cross-collateralization, benefitting from greater cash flow stability.
March 26