| Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market | ||||
| Managers | Proceeds (mils) | Rank | Mkt. Share | # of Issues |
| Merrill Lynch & Co Inc | 3,946.6 | 1 | 17.7 | 7 |
| UBS | 3,272.0 | 2 | 14.7 | 4 |
| Wachovia Corp | 2,682.6 | 3 | 12.0 | 9 |
| Deutsche Bank AG | 1,968.7 | 4 | 8.8 | 5 |
| Citigroup | 1,457.7 | 5 | 6.5 | 8 |
| Bear Stearns & Co Inc | 1,194.3 | 6 | 5.4 | 4 |
| Royal Bank of Scotland Group | 1,005.8 | 7 | 4.5 | 3 |
| BNP Paribas SA | 919.5 | 8 | 4.1 | 1 |
| Goldman Sachs & Co | 825.0 | 9 | 3.7 | 1 |
| Banc of America Securities LLC | 800.9 | 10 | 3.6 | 6 |
| Industry Total | 22,275.4 | - | 100.0 | 57 |
| Source: Thomson Financial | ||||
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At the end of the draw term, HELOC borrowers have a repayment period ranging from 10 to 30 years, and customers cannot draw on the HELOCs during the repayment period.
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Almost all five A1 tranches benefit from credit enhancement levels of 26.10%. The A1A tranche, however, has a credit enhancement level of 36.10%.
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The Federal Reserve's vice chair outlined the ongoing modernization efforts for the central bank's lending facility of last resort, including coordination with the Federal Home Loan Banks.
September 22 -
The deal's obligor concentrations—its top and top five obligors account for 9.45% and 37.95% of the pool—are reigned in by WEF's focus on mission-critical essential use equipment.
September 21 -
The release of Fannie Mae and Freddie Mac's internal metrics support this process, but other measures will still be needed, according to Bank of America.
September 21 -
Ed Comber, a pioneer in music catalog securitization, also joined the firm as a partner in structured finance and securitization.
September 21







