| Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market | ||||
| Managers | Proceeds (mils) | Rank | Mkt. Share | # of Issues |
| Countrywide Securities | 23,860.5 | 1 | 12.543 | 25 |
| Merrill Lynch | 19,188.39 | 2 | 10.087 | 20 |
| RBS Greenwich Capital | 16,382.0 | 3 | 8.612 | 30 |
| Lehman Brothers | 15,156.9 | 4 | 7.968 | 24 |
| Morgan Stanley | 14,738.76 | 5 | 7.748 | 17 |
| Citigroup Global Markets | 14,604.4 | 6 | 7.677 | 19 |
| Bear Stearns | 12,237.0 | 7 | 6.433 | 22 |
| JPMorgan Securities | 11,653.5 | 8 | 6.126 | 15 |
| Barclays Capital | 10,877.2 | 9 | 5.718 | 13 |
| Banc of America Securities | 8,140.2 | 10 | 4.279 | 22 |
| Industry Total | 190,231.8 | - | 100.0 | 238 |
| 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%.
2h 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 -
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 -
The Elliot-backed manager doubles down on research and expertise to confront market challenges, including tight arbitrage and a looming 2028 debt maturity wall.
September 17 -
Federal Reserve Chair Kevin Warsh framed the central bank's move to increase interest rates as a moderate adjustment to rapid economic growth during his post-Federal Open Market Committee press conference.
September 16







