Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market | ||||
Managers | Proceeds (mils) | Rank | Mkt. Share | # of Issues |
Lehman Brothers | 11,093.3 | 1 | 12.5 | 28 |
Countrywide Securities Corp | 9,605.9 | 2 | 10.8 | 14 |
JP Morgan | 8,198.1 | 3 | 9.2 | 10 |
Citigroup | 7,628.2 | 4 | 8.6 | 21 |
Royal Bank of Scotland Group | 7,592.1 | 5 | 8.6 | 19 |
Deutsche Bank AG | 7,137.0 | 6 | 8.1 | 15 |
Banc of America Securities LLC | 6,722.1 | 7 | 7.6 | 19 |
Morgan Stanley | 5,358.3 | 8 | 6.0 | 16 |
Bear Stearns & Co Inc | 5,006.7 | 9 | 5.6 | 13 |
Credit Suisse First Boston | 4,894.9 | 10 | 5.5 | 14 |
UBS Warburg | 4,031.5 | 11 | 4.6 | 8 |
Merrill Lynch & Co Inc | 2,569.4 | 12 | 2.9 | 4 |
BANK ONE Corp | 2,400.3 | 13 | 2.7 | 4 |
Wachovia Corp | 2,384.6 | 14 | 2.7 | 5 |
General Motors Corp | 1,056.5 | 15 | 1.2 | 2 |
Goldman Sachs & Co | 874.7 | 16 | 1.0 | 3 |
Barclays Capital | 765.5 | 17 | 0.9 | 1 |
Industry Total | 88,693.6 | - | 100.0 | 160 |
Source: Thomson Financial |
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Notes A, B and C benefit from credit enhancement amounting to 33.3%, 16.2% and 7.0%, and the deal's capital structure will repay investors on a combined pro-rata and sequential basis.
May 7 -
Originators increased program offerings for the fifth consecutive month, but overall credit availability remains tight, the Mortgage Bankers Association said.
May 7 -
The top five issuers in the pool represent 4.73% of the pool, which is noticeably more diversified compared with the 12.50% concentration, according to Fitch's stressed portfolio at initial expected matrix point.
May 7 -
Rep. Andy Barr, R-Ky., is introducing a bill to establish an Office of Supervisory Appeals at each of the banking regulators that would give banks more power over the appeals process.
May 7 -
Price growth is decelerating but still driving historic home equity gains for owners and widening the gap between the haves and have-nots in housing, ICE finds.
May 6 -
Under the capital structure the senior notes will be repaid on a pro rata basis. Otherwise, the notes in the structure will benefit from excess spread and a senior-subordinate structure.
May 6