Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market | ||||
Managers | Proceeds (mils) | Rank | Mkt. Share | # of Issues |
Citigroup | 7,352.6 | 1 | 20.1 | 14 |
Morgan Stanley | 5,873.6 | 2 | 16.0 | 11 |
Merrill Lynch & Co Inc | 5,143.5 | 3 | 14.0 | 11 |
Credit Suisse First Boston | 4,203.5 | 4 | 11.5 | 9 |
Deutsche Bank AG | 3,841.8 | 5 | 10.5 | 7 |
JP Morgan | 3,071.2 | 6 | 8.4 | 7 |
UBS | 2,368.0 | 7 | 6.5 | 5 |
Banc of America Securities LLC | 2,090.1 | 8 | 5.7 | 6 |
Lehman Brothers | 956.3 | 9 | 2.6 | 2 |
BANK ONE Corp | 507.6 | 10 | 1.4 | 1 |
Industry Total | 36,663.0 | - | 100.0 | 37 |
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