Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market | ||||
Managers | Proceeds (mils) | Rank | Mkt. Share | # of Issues |
Citigroup Global Markets | 35,900.4 | 1 | 15.1 | 50 |
Merrill Lynch | 32,509.3 | 2 | 13.6 | 40 |
Wachovia Securities | 19,435.3 | 3 | 8.2 | 34 |
JPMorgan Securities | 15,666.9 | 4 | 6.6 | 27 |
Banc of America Securities | 14,629.0 | 5 | 6.1 | 19 |
Deutsche Bank Securities | 14,471.0 | 6 | 6.1 | 31 |
Lehman Brothers | 14,343.1 | 7 | 6.0 | 29 |
Morgan Stanley | 13,926.2 | 8 | 5.8 | 70 |
Bear Stearns | 11,721.3 | 9 | 4.9 | 23 |
UBS | 11,547.1 | 10 | 4.8 | 27 |
Industry Total | 238,421.7 | - | 100.0 | 434 |
Source: ASR Scorecard database |
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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