| 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 | 20,899.6 | 1 | 13.9 | 26 |
| Citigroup | 19,408.6 | 2 | 12.9 | 33 |
| Deutsche Bank AG | 16,561.1 | 3 | 11.0 | 22 |
| Banc of America Securities LLC | 11,303.1 | 4 | 7.5 | 26 |
| Bear Stearns & Co Inc | 9,133.2 | 5 | 6.1 | 19 |
| Wachovia Corp | 9,013.1 | 6 | 6.0 | 20 |
| Credit Suisse | 8,634.2 | 7 | 5.7 | 15 |
| UBS | 8,224.1 | 8 | 5.5 | 38 |
| Royal Bank of Scotland Group | 6,499.7 | 9 | 4.3 | 8 |
| Morgan Stanley | 6,308.8 | 10 | 4.2 | 29 |
| Industry Total | 150,329.3 | - | 100.0 | 294 |
| Source: Thomson Financial | ||||
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In line with broader trends, the GSEs have been putting new limitations on forbearance and putting more of an emphasis on mods.
July 31 -
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.
July 31 -
Fannie Mae and Freddie Mac are under directives to make mortgage-backed securities purchases that can exert downward pressure on rates or limit increases.
July 31 -
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.
July 30 -
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.
July 30 -
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.
July 30









