Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market | ||||
Managers | Proceeds (mils) | Rank | Mkt. Share | # of Issues |
Lehman Brothers | 21,883.0 | 1 | 14.2 | 54 |
Countrywide Securities Corp | 14,477.3 | 2 | 9.4 | 24 |
Royal Bank of Scotland Group | 13,292.6 | 3 | 8.6 | 30 |
Citigroup | 12,967.4 | 4 | 8.4 | 33 |
Morgan Stanley | 12,447.8 | 5 | 8.1 | 28 |
Banc of America Securities LLC | 11,067.3 | 6 | 7.2 | 30 |
JP Morgan | 10,978.0 | 7 | 7.1 | 16 |
Deutsche Bank AG | 10,255.2 | 8 | 6.6 | 25 |
Credit Suisse First Boston | 9,927.1 | 9 | 6.4 | 25 |
Bear Stearns & Co Inc | 7,603.8 | 10 | 4.9 | 17 |
Industry Total | 154,522.5 | - | 100.0 | 281 |
Source: Thomson Financial |
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The trust employs a 24-month revolving period. There is an increased risk that collateral quality could deteriorate as the transaction evolves with new collateral.
March 27 - Yahoo Finance Feed
The banking giant has launched an online platform that links small-business owners and entrepreneurs in need of capital to community development financial institutions. The platform was developed in partnership with Community Reinvestment Fund USA.
March 27 -
Audited financials, proof of fidelity bonds and errors and omissions insurance must be provided on Ginnie Mae Central after May 13.
March 27 -
Aside from the cash flow stabilization, another credit positive to the deal, TAH Operations is property manager to the portfolio, and has strong processes and controls.
March 27 -
Four tranches of class A notes make up the capital structure, and they all benefit from 3.00% in total initial hard credit enhancement.
March 26 -
Seven of the loans, 27.7% of the pool balance, are secured by multiple properties or have a component of cross-collateralization, benefitting from greater cash flow stability.
March 26