| Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market | ||||
| Managers | Proceeds (mils) | Rank | Mkt. Share | # of Issues |
| Citigroup | 1,708.0 | 1 | 43.0 | 3 |
| Credit Suisse First Boston | 1,058.0 | 2 | 26.6 | 3 |
| HSBC Holdings PLC | 708.0 | 3 | 17.8 | 2 |
| Morgan Stanley | 250.0 | 4* | 6.3 | 1 |
| ABN AMRO | 250.0 | 4* | 6.3 | 1 |
| Industry Total | 3,974.0 | - | 100.0 | 5 |
| Source: Thomson Financial | ||||
The portfolio does not have any meaningful originations that have completed a full repayment cycle, making the company's performance data thin.
Formerly of Wells Fargo, she will coordinate several key units to create a structure for a sustained capital markets program that capitalizes on recent innovation and growth in home equity finance.
The Structured Finance Association questions whether funding closed-end seconds is an appropriate role for the government-sponsored enterprise, while newer lenders welcome the liquidity support.
The CFPB has dissolved the Office of Supervision, Enforcement and Fair Lending and eliminated the job of associate director in a move that impacts how it designates nonbanks for supervision.
The bank is a top auto lender, with a managed portfolio of $7.1 million through December 2023, and has a strong servicing track record.
The initial protection amount, Moody's says, is 12.5% of the total reference pool and equals the principal amount of the rated and unrated issued notes.
