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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Notes A, B and C benefit from credit enhancement amounting to 33.3%, 16.2% and 7.0%, and the deal's capital structure will repay investors on a combined pro-rata and sequential basis.
May 7 -
Originators increased program offerings for the fifth consecutive month, but overall credit availability remains tight, the Mortgage Bankers Association said.
May 7 -
The top five issuers in the pool represent 4.73% of the pool, which is noticeably more diversified compared with the 12.50% concentration, according to Fitch's stressed portfolio at initial expected matrix point.
May 7 -
Rep. Andy Barr, R-Ky., is introducing a bill to establish an Office of Supervisory Appeals at each of the banking regulators that would give banks more power over the appeals process.
May 7 -
Price growth is decelerating but still driving historic home equity gains for owners and widening the gap between the haves and have-nots in housing, ICE finds.
May 6 -
Under the capital structure the senior notes will be repaid on a pro rata basis. Otherwise, the notes in the structure will benefit from excess spread and a senior-subordinate structure.
May 6