Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market | ||||
Managers | Proceeds (mils) | Rank | Mkt. Share | # of Issues |
Credit Suisse | 17,182.8 | 1 | 11.2 | 34 |
Lehman Brothers | 15,130.9 | 2 | 9.9 | 34 |
Countrywide Securities Corp | 15,001.3 | 3 | 9.8 | 17 |
Morgan Stanley | 13,244.8 | 4 | 8.6 | 17 |
Deutsche Bank AG | 11,019.7 | 5 | 7.2 | 20 |
Bear Stearns & Co Inc | 10,364.3 | 6 | 6.8 | 30 |
Merrill Lynch & Co Inc | 10,045.8 | 7 | 6.6 | 13 |
JP Morgan | 9,863.4 | 8 | 6.4 | 15 |
Royal Bank of Scotland Group | 9,348.1 | 9 | 6.1 | 12 |
Citigroup | 8,663.0 | 10 | 5.7 | 24 |
Industry Total | 153,414.1 | - | 100.0 | 264 |
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