Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market | ||||
Managers | Proceeds (mils) | Rank | Mkt. Share | # of Issues |
Bear Stearns & Co Inc | 22,792.0 | 1 | 9.8 | 38 |
Morgan Stanley | 22,335.2 | 2 | 9.6 | 26 |
Lehman Brothers | 21,740.6 | 3 | 9.3 | 52 |
Royal Bank of Scotland Group | 21,111.4 | 4 | 9.1 | 34 |
Credit Suisse First Boston | 19,809.1 | 5 | 8.5 | 46 |
Countrywide Securities Corp | 18,767.1 | 6 | 8.0 | 23 |
Deutsche Bank AG | 16,796.8 | 7 | 7.2 | 33 |
Banc of America Securities LLC | 12,854.4 | 8 | 5.5 | 28 |
Merrill Lynch & Co Inc | 12,018.7 | 9 | 5.2 | 15 |
Citigroup | 11,312.1 | 10 | 4.9 | 24 |
Industry Total | 233,334.8 | - | 100.0 | 413 |
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.
10h ago - 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.
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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