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 | 6,765.0 | 1 | 27.4 | 12 |
JP Morgan Securities | 5,920.0 | 2 | 24.0 | 9 |
Citigroup Global Markets | 3,700.0 | 3 | 15.0 | 5 |
Morgan Stanley & Co. | 3,068.4 | 4 | 12.4 | 3 |
Credit Suisse Securities | 2,842.6 | 5 | 11.5 | 4 |
Deutsche Bank Securities | 2,300.0 | 6 | 9.3 | 6 |
ABN AMRO | 2,242.6 | 7 | 9.1 | 2 |
Wachovia Securities | 1,275.0 | 8 | 5.2 | 3 |
Lehman Brothers | 1,000.0 | 9 | 4.1 | 2 |
RBS Greenwich Capital | 775.0 | 10 | 3.1 | 4 |
Industry Total | 24,671.1 | - | 100.0 | 37 |
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.
March 27 - 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.
March 27 -
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