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. | 15,736.9 | 1 | 14.6 | 16 |
RBS Greenwich Capital | 13,380.5 | 2 | 12.4 | 15 |
Merrill Lynch, Pierce, Fenner & Smith | 12,970.8 | 3 | 12.0 | 12 |
Citigroup Global Markets | 10,988.3 | 4 | 10.2 | 11 |
Banc of America Securities | 10,671.2 | 5 | 9.9 | 14 |
Morgan Stanley & Co. | 10,313.3 | 6 | 9.5 | 11 |
Lehman Brothers | 8,994.4 | 7 | 8.3 | 10 |
Bear Stearns & Co. | 8,384.7 | 8 | 7.8 | 16 |
JP Morgan Securities | 6,401.0 | 9 | 5.9 | 6 |
Deutsche Bank Securities | 5,651.1 | 10 | 5.2 | 7 |
Industry Total | 107,996.0 | - | 100.0 | 131 |
Source: Thomson Financial |
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Broken down by product type, the agency's NJCLASS Standard Fixed product should account for a large majority of the loans, 75.4%. NJCLASS Consolidation will account for the next-largest group, 14.1%.
April 24 -
The notes will price against Treasurys, with spreads expected to fall between 85 and 90 basis points over the benchmark.
April 24 -
The JPMorgan Chase CEO took aim Tuesday at the proposed Basel III endgame rules, hindrances to mergers and bureaucratic burdens. "I would love to have a more productive relationship with regulators, but I think it takes conversation," Dimon said.
April 24 -
Bluegreen Vacation originated the loans and Fitch expressed confidence in its record of good performance as servicer.
April 23 -
Many legal experts think the Supreme Court will rule in favor of the Consumer Financial Protection Bureau in a case challenging its funding. Such a ruling would unleash a flurry of litigation that has been on hold pending the outcome of the constitutional challenge.
April 23 -
Lendbuzz sells the notes as it juggles mixed performance results from 2023. Originations and revenues saw huge jumps, but so did operating expenses.
April 23