| Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market | ||||
| Managers | Proceeds (mils) | Rank | Mkt. Share | # of Issues |
| Lehman Brothers | 49,990.9 | 1 | 10.9 | 91 |
| Bear Stearns & Co Inc | 41,978.1 | 2 | 9.2 | 93 |
| Credit Suisse First Boston | 38,566.9 | 3 | 8.4 | 81 |
| Royal Bank of Scotland Group | 38,429.0 | 4 | 8.4 | 63 |
| Countrywide Securities Corp | 37,376.5 | 5 | 8.2 | 45 |
| Morgan Stanley | 36,226.6 | 6 | 7.9 | 46 |
| Deutsche Bank AG | 32,995.6 | 7 | 7.2 | 64 |
| Citigroup | 28,283.7 | 8 | 6.2 | 56 |
| Banc of America Securities LLC | 24,082.0 | 9 | 5.3 | 52 |
| Merrill Lynch & Co Inc | 23,183.8 | 10 | 5.1 | 35 |
| Industry Total | 458,374.5 | - | 100.0 | 861 |
| Source: Thomson Financial | ||||
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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 -
To keep cash flowing to the notes, the deal's senior notes have an interest reserve account covering three months' worth of class A note interest payments and fees.
September 17 -
With 55% of homeowners planning to renovate rather than relocate, demand for home improvement capital will be strong even if the purchase market slows further.
September 17 -
Classes A-1FCF through A-1F will repay noteholders on a pro rata basis, while classes A2 through B3 will be repaid sequentially.
September 17 -
Last week's bond market turmoil continued leading up to the FOMC decision on Wednesday, pushing the 30-year fixed to near or over 7%, depending on the source.
September 17








