| Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market | ||||
| Managers | Proceeds (mils) | Rank | Mkt. Share | # of Issues |
| JP Morgan | 5,169.8 | 1 | 33.4 | 6 |
| Banc of America Securities LLC | 4,312.4 | 2 | 27.9 | 6 |
| Morgan Stanley | 1,929.0 | 3 | 12.5 | 2 |
| Deutsche Bank AG | 1,425.0 | 4 | 9.2 | 8 |
| Wachovia Corp | 962.5 | 5 | 6.2 | 3 |
| HSBC Holdings PLC | 500.0 | 6* | 3.2 | 1 |
| Lehman Brothers | 500.0 | 6* | 3.2 | 4 |
| Citigroup | 500.0 | 6* | 3.2 | 1 |
| Royal Bank of Scotland Group | 87.5 | 9* | 0.6 | 1 |
| Credit Suisse | 87.5 | 9* | 0.6 | 1 |
| Industry Total | 15,473.7 | - | 100.0 | 26 |
| Source: Thomson Financial | ||||
-
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








