Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market | ||||
Managers | Proceeds (mils) | Rank | Mkt. Share | # of Issues |
JP Morgan Securities | 15,980.0 | 1 | 27.937 | 26 |
Banc of America Securities | 11,573.3 | 2 | 20.233 | 21 |
Citigroup Global Markets | 9,165.0 | 3 | 16.023 | 13 |
Morgan Stanley | 5,052.6 | 4 | 8.833 | 8 |
Credit Suisse | 2,721.3 | 5 | 4.757 | 8 |
Deutsche Bank Securities | 2,195.8 | 6 | 3.839 | 10 |
Barclays Capital | 2,175.0 | 7 | 3.802 | 5 |
RBS Greenwich Capital | 2,128.3 | 8 | 3.721 | 3 |
HSBC Securities | 1,750.0 | 9 | 3.059 | 9 |
Wachovia Securities | 1,337.5 | 10 | 2.338 | 4 |
Industry Total | 57,200.3 | - | 100.0 | 87 |
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.
8h 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.
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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.
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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