| 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 | 2,978.7 | 1 | 18.3 | 9 |
| Deutsche Bank AG | 2,064.1 | 2 | 12.7 | 5 |
| Wachovia Corp | 1,959.4 | 3 | 12.1 | 6 |
| Bear Stearns & Co Inc | 1,673.2 | 4 | 10.3 | 6 |
| Citigroup | 1,547.6 | 5 | 9.5 | 4 |
| Morgan Stanley | 1,031.4 | 6 | 6.4 | 4 |
| UBS | 900.0 | 7 | 5.5 | 2 |
| Banc of America Securities LLC | 884.6 | 8 | 5.5 | 4 |
| Goldman Sachs & Co | 829.2 | 9 | 5.1 | 3 |
| JP Morgan | 697.6 | 10 | 4.3 | 2 |
| Industry Total | 16,241.2 | - | 100.0 | 51 |
| 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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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.
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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.
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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









