Manager Activity: CDOs

Published July 09, 2007, 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	31,935.6	1	17.0	37
Citigroup Global Markets	26,497.0	2	14.1	35
Wachovia Securities	14,702.8	3	7.8	24
JPMorgan Securities	12,754.9	4	6.8	22
Banc of America Securities	11,793.1	5	6.3	13
Morgan Stanley	11,481.6	6	6.1	50
Deutsche Bank Securities	10,836.6	7	5.8	22
UBS	10,117.2	8	5.4	23
Bear Stearns	9,685.5	9	5.2	17
Lehman Brothers	8,402.0	10	4.5	16

Industry Total	188,024.6	-	100.0	321

Source: Thomson Financial

MORE FROM ASSET SECURITIZATION REPORT

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
Monetary policy

Warsh welcomes yield spikes as 'change for the better'

Federal Reserve Chair Kevin Warsh acknowledged that his limited guidance might have been a factor in rising market rates, but said whatever increased volatility can be attributed to the changes is more than offset by the benefit of a more nimble central bank.

By Kyle Campbell
Staff writer

July 29
Auto ABS

Used autos raise $462.5 million for Driveway Finance

Notes are expected to pay coupons of 4.05% on the notes rated R-1 (high) (sf) and 4.59% and 4.79% on the A1 and A2 notes, respectively.

By Donna M. Mitchell
Editor

July 29
Servicing

Ginnie Mae approves BSI Financial as eIssuer, eSubservicer

The approvals expand BSI's ability to support Ginnie Mae-backed digital mortgage assets across securitization and servicing, the company said.

By Colin McNamara
Reporter

July 29