Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market | ||||
Managers | Proceeds (mils) | Rank | Mkt. Share | # of Issues |
JP Morgan | 9,288.5 | 1 | 16.5 | 18 |
Citigroup | 8,456.9 | 2 | 15.0 | 13 |
Wachovia Corp | 6,422.4 | 3 | 11.4 | 12 |
Barclays Capital | 6,232.3 | 4 | 11.0 | 10 |
Deutsche Bank AG | 5,413.9 | 5 | 9.6 | 12 |
Banc of America Securities LLC | 3,740.6 | 6 | 6.6 | 7 |
Royal Bank of Scotland Group | 3,644.0 | 7 | 6.5 | 7 |
Credit Suisse | 3,466.3 | 8 | 6.1 | 7 |
HSBC Holdings PLC | 2,389.3 | 9 | 4.2 | 3 |
Merrill Lynch & Co Inc | 1,847.5 | 10 | 3.3 | 4 |
Industry Total | 56,402.2 | - | 100.0 | 63 |
Source: Thomson Financial |
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There are two series, 2024-1 and 2024-2, that have revolving periods—three for the 2024-1 and five for the 2024-2—during which noteholders will not receive any principal.
14m ago -
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.
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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.
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Audited financials, proof of fidelity bonds and errors and omissions insurance must be provided on Ginnie Mae Central after May 13.
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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