Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market | ||||
Managers | Proceeds (mils) | Rank | Mkt. Share | # of Issues |
Lehman Brothers | 21,883.0 | 1 | 14.4 | 54 |
Countrywide Securities Corp | 14,477.3 | 2 | 9.5 | 24 |
Royal Bank of Scotland Group | 13,292.6 | 3 | 8.7 | 30 |
Citigroup | 12,967.4 | 4 | 8.5 | 33 |
Morgan Stanley | 12,198.2 | 5 | 8.0 | 27 |
JP Morgan | 10,978.0 | 6 | 7.2 | 16 |
Deutsche Bank AG | 10,255.2 | 7 | 6.7 | 25 |
Banc of America Securities LLC | 10,076.3 | 8 | 6.6 | 28 |
Credit Suisse First Boston | 9,557.1 | 9 | 6.3 | 24 |
Bear Stearns & Co Inc | 7,603.8 | 10 | 5.0 | 17 |
Industry Total | 152,285.0 | - | 100.0 | 276 |
Source: Thomson Financial |
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Initial analyses of Home Mortgage Disclosure Act data show UWM ahead in 2023 loan numbers and dollar volume, but Rocket's market share still looks competitive.
March 28 -
There are two series, 2024-1 and 2024-2, that have revolving periods—three for the 2024-1 and five for the 2024-2—during which noteholders will not receive any principal.
March 28 -
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 -
Harmonizing standards for liquidity coverage ratios and discount window pledges could prevent the type of strains that led to last year's bank failures, according to a new paper whose authors include former Federal Reserve Govs. Dan Tarullo and Jeremy Stein.
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