| Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market | ||||
| Managers | Proceeds (mils) | Rank | Mkt. Share | # of Issues |
| Banc of America Securities LLC | 18,719.8 | 1 | 30.7 | 27 |
| Citigroup | 10,982.0 | 2 | 18.0 | 16 |
| JP Morgan | 9,874.7 | 3 | 16.2 | 22 |
| Morgan Stanley | 4,055.3 | 4 | 6.7 | 5 |
| Deutsche Bank AG | 3,924.9 | 5 | 6.4 | 12 |
| Barclays Capital | 3,373.8 | 6 | 5.5 | 8 |
| HSBC Holdings PLC | 2,749.9 | 7 | 4.5 | 3 |
| Credit Suisse | 2,285.0 | 8 | 3.8 | 10 |
| Merrill Lynch & Co Inc | 1,375.0 | 9 | 2.3 | 5 |
| Goldman Sachs & Co | 1,100.0 | 10 | 1.8 | 4 |
| Industry Total | 60,997.9 | - | 100.0 | 91 |
| Source: Thomson Financial | ||||
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GDLP 2026-2 also has lower levels of initial credit enhancement compared to GDLP 2026-1, at 6.12% versus 5.74%; overcollateralization at 23.90% versus 24.92% and total gross excess spread of 5.55% versus 5.98%.
September 18 -
Federal Reserve Vice Chair for Supervision Michelle Bowman Friday highlighted a pair of new provisions to the final stress test framework that arose from public commentary submitted to the agency last year.
September 18 -
To keep cash flowing to the notes, the deal's senior notes have an interest reserve account covering three months' worth of class A note interest payments and fees.
September 17 -
With 55% of homeowners planning to renovate rather than relocate, demand for home improvement capital will be strong even if the purchase market slows further.
September 17 -
Classes A-1FCF through A-1F will repay noteholders on a pro rata basis, while classes A2 through B3 will be repaid sequentially.
September 17 -
Last week's bond market turmoil continued leading up to the FOMC decision on Wednesday, pushing the 30-year fixed to near or over 7%, depending on the source.
September 17








