| Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market | ||||
| Managers | Proceeds (mils) | Rank | Mkt. Share | # of Issues |
| Credit Suisse First Boston | 2,954.5 | 1 | 20.8 | 9 |
| Deutsche Bank AG | 1,644.5 | 2 | 11.6 | 4 |
| Wachovia Corp | 1,349.4 | 3 | 9.5 | 4 |
| Bear Stearns & Co Inc | 1,270.7 | 4 | 9.0 | 5 |
| Citigroup | 1,047.6 | 5 | 7.4 | 3 |
| Morgan Stanley | 1,003.4 | 6 | 7.1 | 4 |
| UBS | 900.0 | 7 | 6.4 | 2 |
| Goldman Sachs & Co | 829.2 | 8 | 5.9 | 3 |
| Banc of America Securities LLC | 801.9 | 9 | 5.7 | 3 |
| JP Morgan | 697.6 | 10 | 4.9 | 2 |
| Industry Total | 14,174.2 | - | 100.0 | 45 |
| Source: Thomson Financial | ||||
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The deal saw notable changes from SCLP 2021-1, especially an increase in target and initial overcollateralization.
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Fintech firm IntraFi's most recent quarterly survey of bank executives showed rising pessimism among bankers related to "instability in Washington," as well as growing concerns about technology-enabled fraud.
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Tower Point Capital, the deal's manager, is considered to have one of the largest privately held wireless infrastructure portfolios in the U.S.
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Delinquencies also showed signs of overall improvement in March, despite an increase in foreclosure numbers, ICE Mortgage Technology said.
April 24 -
A proposed update to Basel III capital rules from federal banking regulators does not specifically include mortgage insurance as a factor in determining the risk weight for a mortgage loan held on a bank's balance sheet. Industry experts say it should.
April 24 -
Non-qualified loans are the majority of loans in the pool, 59.2%, while loans exempt from the Ability-to-Repay/Qualified Mortgage rule, represent 35.9%.
April 23









