Manager Activity: CDOs

Published July 03, 2006, 12:00 a.m. EDT

1 Min Read

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	17,350.9	1	14.9	23
Citigroup	16,176.5	2	13.9	29
Deutsche Bank AG	13,479.1	3	11.6	16
Banc of America Securities LLC	9,548.4	4	8.2	22
Bear Stearns & Co Inc	8,063.9	5	6.9	16
Credit Suisse	7,376.2	6	6.3	13
UBS	7,224.1	7	6.2	37
Royal Bank of Scotland Group	6,211.9	8	5.3	7
Morgan Stanley	5,216.0	9	4.5	21
Wachovia Corp	4,883.6	10	4.2	10

Industry Total	116,648.6	-	100.0	237

Source: Thomson Financial

MORE FROM ASSET SECURITIZATION REPORT

Servicing

Loan modifications rose ahead of policy transition: FHFA

In line with broader trends, the GSEs have been putting new limitations on forbearance and putting more of an emphasis on mods.

By Nazeefa Ahmed

July 31
Consumer ABS

Avant non-prime credit cards raise $300 million

Structured as a master trust deal, AVCCT 2026-1 includes a three-year revolving period, when no principal payments will be made on the series 2026-1—unless an early amortization event happens.

By Donna M. Mitchell
Editor

July 31
Secondary markets

How much are the GSEs' retained portfolios growing?

Fannie Mae and Freddie Mac are under directives to make mortgage-backed securities purchases that can exert downward pressure on rates or limit increases.

By Bonnie Sinnock
Capital Markets Editor

July 31
SEC

Banks fear SEC rule may limit access to capital markets

The American Bankers Association, Bank Policy Institute and Securities Industry and Financial Markets Association submitted comment letters to the Securities and Exchange Commission arguing that a proposed change to Form S-3 eligibility would make it more difficult for some banks to access the capital markets.

By Maria Volkova
Reporter

July 30
Federal Reserve

Fed's Warsh cites strong business growth in rates hold, as some pros vent

Some market participants are taking a 'hawkish hold' FOMC reading coming out of the July meeting, even as they adapt to a quieter intermeeting chairman.

By Donna M. Mitchell
Editor

July 30
Secondary markets

Freddie Mac's earnings soar, competition for loans heats up

Positive changes in credit provisions contributed to a multiyear high in net income as the GSE and its rival fought to purchase lenders' single-family loans.

By Bonnie Sinnock
Capital Markets Editor

July 30