| 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 | 50,309.0 | 1 | 14.1 | 46 |
| Royal Bank of Scotland Group | 39,595.6 | 2 | 11.1 | 73 |
| Lehman Brothers | 37,096.3 | 3 | 10.4 | 74 |
| Credit Suisse First Boston | 31,982.5 | 4 | 9.0 | 62 |
| Morgan Stanley | 27,756.2 | 5 | 7.8 | 58 |
| Bear Stearns & Co Inc | 25,746.8 | 6 | 7.2 | 53 |
| Banc of America Securities LLC | 22,447.7 | 7 | 6.3 | 57 |
| Deutsche Bank AG | 21,283.0 | 8 | 6.0 | 58 |
| Citigroup | 20,465.0 | 9 | 5.8 | 57 |
| Merrill Lynch & Co Inc | 15,308.3 | 10 | 4.3 | 32 |
| Industry Total | 355,704.9 | - | 100.0 | 652 |
| Source: Thomson Financial | ||||
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Almost all five A1 tranches benefit from credit enhancement levels of 26.10%. The A1A tranche, however, has a credit enhancement level of 36.10%.
5h ago -
The deal's obligor concentrations—its top and top five obligors account for 9.45% and 37.95% of the pool—are reigned in by WEF's focus on mission-critical essential use equipment.
September 21 -
The release of Fannie Mae and Freddie Mac's internal metrics support this process, but other measures will still be needed, according to Bank of America.
September 21 -
Ed Comber, a pioneer in music catalog securitization, also joined the firm as a partner in structured finance and securitization.
September 21 -
Given current rates are higher than the MBA and Fannie Mae forecasts, the industry could see further downside risk to the housing outlooks in October.
September 21 -
GDLP 2026-2 also has lower levels of initial credit enhancement compared to GDLP 2026-1, at 6.12% versus 5.74%; overcollateralization at 23.90% versus 24.92% and total gross excess spread of 5.55% versus 5.98%.
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