| Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market | ||||
| Managers | Proceeds (mils) | Rank | Mkt. Share | # of Issues |
| Citigroup | 8,494.6 | 1 | 28.5 | 11 |
| BANK ONE Corp | 4,851.9 | 2 | 16.3 | 8 |
| JP Morgan | 4,429.8 | 3 | 14.9 | 8 |
| Morgan Stanley | 3,579.5 | 4 | 12.0 | 4 |
| Barclays Capital | 2,834.7 | 5 | 9.5 | 6 |
| Banc of America Securities LLC | 2,000.6 | 6 | 6.7 | 6 |
| Deutsche Bank AG | 1,507.6 | 7 | 5.1 | 4 |
| Credit Suisse First Boston | 969.3 | 8 | 3.3 | 3 |
| Merrill Lynch & Co Inc | 462.5 | 9 | 1.6 | 2 |
| Wachovia Corp | 461.3 | 10 | 1.6 | 2 |
| Lehman Brothers | 200.0 | 11 | 0.7 | 1 |
| Industry Total | 29,791.5 | - | 100.0 | 44 |
| Source: Thomson Financial | ||||
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The deal will raise about $175 million in securitized bonds, backed by a pool of residential investors loans (42.1%) and traditional small-balance commercial (SBC) mortgages.
8h ago -
Aqua Finance's credit enhancements include a sequential pay structure until the class A credit enhancement period is over.
August 11 -
Homeowners won't trade in their cheap mortgages so lenders keep finding other ways to reach that equity. Bond buyers keep showing up.
August 11 -
The new record arrives after five months of annual home-price growth, which surged to its highest in more than a year, according to ICE Mortgage Technology.
August 10 -
Despite the variety of loans in the pool, the vast majority of assets are considered qualified mortgages, with only 10.9% considered non-QM.
August 10 -
The July jobs report was bad, but the context is worse: people leaving the labor force, stubborn inflation and rising bond yields.
August 10









