Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market | ||||
Managers | Proceeds (mils) | Rank | Mkt. Share | # of Issues |
Lehman Brothers | 20,711.3 | 1 | 15.5 | 46 |
Countrywide Securities Corp | 12,582.6 | 2 | 9.4 | 20 |
Citigroup | 10,636.9 | 3 | 8.0 | 29 |
JP Morgan | 10,520.0 | 4 | 7.9 | 14 |
Deutsche Bank AG | 9,940.6 | 5 | 7.5 | 21 |
Morgan Stanley | 9,647.9 | 6 | 7.2 | 23 |
Royal Bank of Scotland Group | 9,375.3 | 7 | 7.0 | 23 |
Banc of America Securities LLC | 8,879.6 | 8 | 6.7 | 24 |
Credit Suisse First Boston | 8,320.7 | 9 | 6.2 | 21 |
UBS | 7,239.2 | 10 | 5.4 | 16 |
Industry Total | 133,255.0 | - | 100.0 | 233 |
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