| 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 | 29,672.2 | 1 | 11.7 | 46 |
| Morgan Stanley | 23,594.0 | 2 | 9.3 | 28 |
| Credit Suisse First Boston | 22,016.2 | 3 | 8.7 | 49 |
| Lehman Brothers | 21,955.5 | 4 | 8.7 | 55 |
| Royal Bank of Scotland Group | 21,708.4 | 5 | 8.6 | 35 |
| Deutsche Bank AG | 18,943.3 | 6 | 7.5 | 37 |
| Countrywide Securities Corp | 18,809.5 | 7 | 7.4 | 24 |
| Merrill Lynch & Co Inc | 14,931.1 | 8 | 5.9 | 19 |
| Banc of America Securities LLC | 13,312.6 | 9 | 5.2 | 30 |
| Citigroup | 12,009.1 | 10 | 4.7 | 27 |
| Industry Total | 253,952.0 | - | 100.0 | 444 |
| Source: Thomson Financial | ||||
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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.
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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.
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Ed Comber, a pioneer in music catalog securitization, also joined the firm as a partner in structured finance and securitization.
5h ago -
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.
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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%.
September 18 -
Federal Reserve Vice Chair for Supervision Michelle Bowman Friday highlighted a pair of new provisions to the final stress test framework that arose from public commentary submitted to the agency last year.
September 18








