| Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market | ||||
| Managers | Proceeds (mils) | Rank | Mkt. Share | # of Issues |
| Merrill Lynch | 30,515.3 | 1 | 18.2 | 34 |
| Citigroup Global Markets, Inc. | 23,736.1 | 2 | 14.1 | 34 |
| JP Morgan | 12,804.9 | 3 | 7.6 | 22 |
| Morgan Stanley | 11,476.6 | 4 | 6.8 | 49 |
| Wachovia Corp | 10,323.9 | 5 | 6.2 | 20 |
| UBS | 9,760.8 | 6 | 5.8 | 19 |
| Deutsche Bank AG | 8,846.6 | 7 | 5.3 | 19 |
| Banc of America Securities LLC | 8,393.1 | 8 | 5.0 | 11 |
| Bear Stearns & Co Inc | 8,389.0 | 9 | 5.0 | 15 |
| Barclays Capital | 8,133.7 | 10 | 4.8 | 10 |
| Industry Total | 167,960.2 | - | 100.0 | 294 |
| Source: Thomson Financial | ||||
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The initial overcollateralization level was 14.50%, an increase from 14.00%. Target overcollateralization, meanwhile, increased to 18.75, compared with 16.50% on the previous deal.
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Figure Lending originated the HELOCs using the FICO 9 scoring model, which treats medical debt, rental payments and repaid collection accounts differently.
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