| Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market | ||||
| Managers | Proceeds (mils) | Rank | Mkt. Share | # of Issues |
| Merrill Lynch | 26,501.4 | 1 | 20.1 | 30 |
| Citigroup Global Markets | 14,489.4 | 2 | 11.0 | 23 |
| JPMorgan Securities | 10,756.0 | 3 | 8.2 | 19 |
| Wachovia Securities | 9,636.8 | 4 | 7.3 | 17 |
| Morgan Stanley | 9,493.8 | 5 | 7.2 | 38 |
| UBS | 8,134.0 | 6 | 6.2 | 14 |
| Barclays Capital | 8,133.7 | 7 | 6.2 | 10 |
| Banc of America Securities | 7,166.7 | 8 | 5.4 | 8 |
| Bear Stearns | 6,767.9 | 9 | 5.1 | 13 |
| Deutsche Bank Securities | 6,546.6 | 10 | 5.0 | 15 |
| Industry Total | 131,865.7 | - | 100.0 | 233 |
| Source: Thomson Financial | ||||
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GDLP 2026-2 also has lower levels of initial credit enhancement compared to GDLP 2026-1, at 6.12% versus 5.74%; overcollateralization at 23.90% versus 24.92% and total gross excess spread of 5.55% versus 5.98%.
6h ago -
Federal Reserve Vice Chair for Supervision Michelle Bowman Friday highlighted a pair of new provisions to the final stress test framework that arose from public commentary submitted to the agency last year.
8h ago -
To keep cash flowing to the notes, the deal's senior notes have an interest reserve account covering three months' worth of class A note interest payments and fees.
September 17 -
With 55% of homeowners planning to renovate rather than relocate, demand for home improvement capital will be strong even if the purchase market slows further.
September 17 -
Classes A-1FCF through A-1F will repay noteholders on a pro rata basis, while classes A2 through B3 will be repaid sequentially.
September 17 -
Last week's bond market turmoil continued leading up to the FOMC decision on Wednesday, pushing the 30-year fixed to near or over 7%, depending on the source.
September 17








