| Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market | ||||
| Managers | Proceeds (mils) | Rank | Mkt. Share | # of Issues |
| Citigroup | 1,850.0 | 1 | 56.9 | 2 |
| Deutsche Bank AG | 900.0 | 2 | 27.7 | 1 |
| Morgan Stanley | 250.0 | 3 | 7.7 | 1 |
| JP Morgan | 250.0 | 3 | 7.7 | 1 |
| Industry Total | 3,250.0 | - | 100.0 | 4 |
| Source: Thomson Financial | ||||
"In looking at eight currently available proprietary RM products, there is a distinct relationship between HECM growth rates and proprietary product availability," Reverse Market Insight said.
PRET 2026-RPL2 uses a sequential repayment structure, although the notes will not advance any principal and interest from delinquent loans.
An adverse, if unlikely, decision about a novel defense of lenders participating in liability management exercises could upend the leveraged loan market.
American Banker research finds that while more than 30% agree buy now/pay later is good for banks and consumers, the majority of respondents are unconvinced.
Borrowers in the pool had a non-zero weighted average credit score of 608, with a 112.12% loan-to-value (LTV) ratio.
Despite market volatility from the conflict–added to tariff impacts–credit portfolio managers see liquidity as steady, with no significant signs of stress.
