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 | 15,645.6 | 1 | 29.4 | 22 |
Citigroup | 9,982.0 | 2 | 18.8 | 15 |
JP Morgan | 9,674.7 | 3 | 18.2 | 21 |
Morgan Stanley | 3,529.0 | 4 | 6.6 | 4 |
Deutsche Bank AG | 3,424.9 | 5 | 6.4 | 10 |
Barclays Capital | 3,096.8 | 6 | 5.8 | 7 |
Credit Suisse | 2,285.0 | 7 | 4.3 | 10 |
HSBC Holdings PLC | 1,999.9 | 8 | 3.8 | 2 |
ABN AMRO | 1,000.0 | 9* | 1.9 | 5 |
Merrill Lynch & Co Inc | 1,000.0 | 9* | 1.9 | 4 |
Industry Total | 53,197.4 | - | 100.0 | 78 |
Source: Thomson Financial |
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The trust employs a 24-month revolving period. There is an increased risk that collateral quality could deteriorate as the transaction evolves with new collateral.
6h ago - Yahoo Finance Feed
The banking giant has launched an online platform that links small-business owners and entrepreneurs in need of capital to community development financial institutions. The platform was developed in partnership with Community Reinvestment Fund USA.
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Audited financials, proof of fidelity bonds and errors and omissions insurance must be provided on Ginnie Mae Central after May 13.
March 27 -
Aside from the cash flow stabilization, another credit positive to the deal, TAH Operations is property manager to the portfolio, and has strong processes and controls.
March 27 -
Four tranches of class A notes make up the capital structure, and they all benefit from 3.00% in total initial hard credit enhancement.
March 26 -
Seven of the loans, 27.7% of the pool balance, are secured by multiple properties or have a component of cross-collateralization, benefitting from greater cash flow stability.
March 26