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 | 18,051.7 | 2 | 11.4 | 18 |
Morgan Stanley | 15,552.7 | 3 | 9.8 | 17 |
Lehman Brothers | 14,916.3 | 4 | 9.4 | 36 |
Royal Bank of Scotland Group | 14,162.0 | 5 | 8.9 | 23 |
Deutsche Bank AG | 12,991.2 | 6 | 8.2 | 25 |
Credit Suisse First Boston | 12,760.9 | 7 | 8.0 | 30 |
Merrill Lynch & Co Inc | 8,743.8 | 8 | 5.5 | 10 |
Goldman Sachs & Co | 7,070.5 | 9 | 4.5 | 12 |
Citigroup | 6,372.2 | 10 | 4.0 | 16 |
Industry Total | 159,019.4 | - | 100.0 | 237 |
Source: Thomson Financial |
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Initial analyses of Home Mortgage Disclosure Act data show UWM ahead in 2023 loan numbers and dollar volume, but Rocket's market share still looks competitive.
March 28 -
There are two series, 2024-1 and 2024-2, that have revolving periods—three for the 2024-1 and five for the 2024-2—during which noteholders will not receive any principal.
March 28 -
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 -
Harmonizing standards for liquidity coverage ratios and discount window pledges could prevent the type of strains that led to last year's bank failures, according to a new paper whose authors include former Federal Reserve Govs. Dan Tarullo and Jeremy Stein.
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