| Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market | ||||
| Managers | Proceeds (mils) | Rank | Mkt. Share | # of Issues |
| Citigroup | 9,771.7 | 1 | 25.0 | 15 |
| Banc One Capital Markets | 7,901.8 | 2 | 20.2 | 13 |
| JP Morgan | 6,078.6 | 3 | 15.5 | 11 |
| Barclays Capital | 3,834.7 | 4 | 9.8 | 7 |
| Morgan Stanley | 3,579.5 | 5 | 9.2 | 4 |
| Banc of America Securities LLC | 2,537.3 | 6 | 6.5 | 8 |
| Deutsche Bank AG | 2,084.6 | 7 | 5.3 | 7 |
| Credit Suisse First Boston | 1,294.2 | 8 | 3.3 | 4 |
| Lehman Brothers | 823.1 | 9 | 2.1 | 3 |
| Wachovia Corp | 673.0 | 10 | 1.7 | 3 |
| Industry Total | 39,128.4 | - | 100.0 | 63 |
| Source: Thomson Financial | ||||
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The deal saw notable changes from SCLP 2021-1, especially an increase in target and initial overcollateralization.
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A proposed update to Basel III capital rules from federal banking regulators does not specifically include mortgage insurance as a factor in determining the risk weight for a mortgage loan held on a bank's balance sheet. Industry experts say it should.
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Non-qualified loans are the majority of loans in the pool, 59.2%, while loans exempt from the Ability-to-Repay/Qualified Mortgage rule, represent 35.9%.
April 23









