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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Initial analyses of Home Mortgage Disclosure Act data show UWM ahead in 2023 loan numbers and dollar volume, but Rocket's market share still looks competitive.
March 28 -
There are two series, 2024-1 and 2024-2, that have revolving periods—three for the 2024-1 and five for the 2024-2—during which noteholders will not receive any principal.
March 28 -
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.
March 27 -
Harmonizing standards for liquidity coverage ratios and discount window pledges could prevent the type of strains that led to last year's bank failures, according to a new paper whose authors include former Federal Reserve Govs. Dan Tarullo and Jeremy Stein.
March 27 - 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.
March 27 -
Audited financials, proof of fidelity bonds and errors and omissions insurance must be provided on Ginnie Mae Central after May 13.
March 27