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 | 23,876.8 | 1 | 11.9 | 38 |
Citigroup | 23,630.7 | 2 | 11.8 | 40 |
Deutsche Bank AG | 18,933.0 | 3 | 9.4 | 27 |
Credit Suisse | 13,572.0 | 4 | 6.8 | 21 |
Bear Stearns & Co Inc | 12,863.1 | 5 | 6.4 | 25 |
Wachovia Corp | 12,578.7 | 6 | 6.3 | 31 |
Banc of America Securities LLC | 12,209.6 | 7 | 6.1 | 28 |
Morgan Stanley | 11,341.8 | 8 | 5.6 | 38 |
UBS | 10,006.1 | 9 | 5.0 | 43 |
JP Morgan | 9,647.6 | 10 | 4.8 | 25 |
Industry Total | 200,847.1 | - | 100.0 | 377 |
Source: Thomson Financial |
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The trust employs a 24-month revolving period. There is an increased risk that collateral quality could deteriorate as the transaction evolves with new collateral.
11h ago - Yahoo Finance Feed
The banking giant has launched an online platform that links small-business owners and entrepreneurs in need of capital to community development financial institutions. The platform was developed in partnership with Community Reinvestment Fund USA.
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Audited financials, proof of fidelity bonds and errors and omissions insurance must be provided on Ginnie Mae Central after May 13.
March 27 -
Aside from the cash flow stabilization, another credit positive to the deal, TAH Operations is property manager to the portfolio, and has strong processes and controls.
March 27 -
Four tranches of class A notes make up the capital structure, and they all benefit from 3.00% in total initial hard credit enhancement.
March 26 -
Seven of the loans, 27.7% of the pool balance, are secured by multiple properties or have a component of cross-collateralization, benefitting from greater cash flow stability.
March 26