| 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 | 52,333.3 | 1 | 13.7 | 49 |
| Royal Bank of Scotland Group | 44,292.7 | 2 | 11.6 | 81 |
| Lehman Brothers | 39,462.5 | 3 | 10.3 | 81 |
| Credit Suisse First Boston | 31,982.5 | 4 | 8.3 | 62 |
| Morgan Stanley | 29,247.1 | 5 | 7.6 | 60 |
| Bear Stearns & Co Inc | 28,632.2 | 6 | 7.5 | 58 |
| Banc of America Securities LLC | 26,055.2 | 7 | 6.8 | 64 |
| Deutsche Bank AG | 24,827.3 | 8 | 6.5 | 64 |
| Citigroup | 22,504.8 | 9 | 5.9 | 64 |
| Merrill Lynch & Co Inc | 15,871.2 | 10 | 4.1 | 33 |
| Industry Total | 383,281.2 | - | 100.0 | 702 |
| 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%.
4h 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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