Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market | ||||
Managers | Proceeds (mils) | Rank | Mkt. Share | # of Issues |
Countrywide Securities Corp | 37,313.8 | 1 | 15.3 | 37 |
Royal Bank of Scotland Group | 27,901.4 | 2 | 11.4 | 52 |
Lehman Brothers | 22,922.0 | 3 | 9.4 | 52 |
Credit Suisse First Boston | 18,429.4 | 4 | 7.6 | 38 |
Bear Stearns & Co Inc | 18,014.3 | 5 | 7.4 | 39 |
Morgan Stanley | 18,011.3 | 6 | 7.4 | 40 |
Citigroup | 15,062.4 | 7 | 6.2 | 45 |
Deutsche Bank AG | 14,827.9 | 8 | 6.1 | 42 |
Merrill Lynch & Co Inc | 13,430.7 | 9 | 5.5 | 27 |
Banc of America Securities LLC | 13,270.3 | 10 | 5.4 | 40 |
Industry Total | 244,227.9 | - | 100.0 | 435 |
Source: Thomson Financial |
-
The securitization amount is smaller than an earlier transaction, and its AAA notes are expected to price at wider spreads than the AAA notes on the 2024-A series.
34m ago -
Bank stocks are up this year as interest rates have leveled off and there are hopes that pressure on lenders' profits could moderate.
6h ago -
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