Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market | ||||
Managers | Proceeds (mils) | Rank | Mkt. Share | # of Issues |
Lehman Brothers | 30,211.1 | 1 | 12.8 | 73 |
Morgan Stanley | 21,814.8 | 2 | 9.2 | 46 |
Citigroup | 20,758.8 | 3 | 8.8 | 55 |
Royal Bank of Scotland Group | 20,618.8 | 4 | 8.7 | 42 |
Countrywide Securities Corp | 18,235.5 | 5 | 7.7 | 33 |
JP Morgan | 17,469.1 | 6 | 7.4 | 22 |
Bear Stearns & Co Inc | 16,188.5 | 7 | 6.8 | 36 |
Deutsche Bank AG | 16,163.8 | 8 | 6.8 | 37 |
Credit Suisse First Boston | 15,794.3 | 9 | 6.7 | 42 |
Banc of America Securities LLC | 15,385.7 | 10 | 6.5 | 49 |
Industry Total | 236,955.2 | - | 100.0 | 469 |
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