| Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market | ||||
| Managers | Proceeds (mils) | Rank | Mkt. Share | # of Issues |
| Countrywide Securities | 21,586.4 | 1 | 13.6 | 21 |
| RBS Greenwich Capital | 21,197.3 | 2 | 13.4 | 26 |
| Merrill Lynch | 19,376.6 | 3 | 12.2 | 19 |
| Morgan Stanley | 15,607.5 | 4 | 9.8 | 16 |
| Lehman Brothers | 15,362.0 | 5 | 9.7 | 18 |
| Banc of America Securities | 14,389.0 | 6 | 9.1 | 20 |
| Citigroup Global Markets | 13,296.8 | 7 | 8.4 | 16 |
| Bear Stearns | 13,105.5 | 8 | 8.3 | 21 |
| Deutsche Bank Securities | 10,264.8 | 9 | 6.5 | 13 |
| JPMorgan Securities | 8,011.0 | 10 | 5.1 | 9 |
| Industry Total | 158,600.0 | - | 100.0 | 197 |
| Source: Thomson Financial | ||||
-
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%.
5h ago -
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.
6h ago -
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








