Reminiscent of last quarter, UBS Warburg looks to be ahead of the game once again in the preliminary results for RMBS manager activity rankings for both agency and non-agency MBS. This is according to Thomson Financial's preliminary league tables for the second quarter of 2002.

UBS seems to be leading the way with approximately $45.89 billion and a 16% market share. Credit Suisse First Boston, which so far sold roughly $39.09 billion and has a 13.6% market share, is second in the preliminary rankings. Lehman Brothers is not too far behind having about $35.64 billion sold and a 12.4% market share.

Bear Stearns & Co. and Goldman Sachs & Co., which are in fourth and fifth place respectively, are closely battling each other in the preliminary tables. Bear sold about $32.90 billion (11.4% market share) while Goldman had roughly $32.53 billion in proceeds (11.3% market share).

In the sixth slot, Citigroup/Salomon Smith Barney has an 8.4% market share and had about $24.14 billion in proceeds. Royal Bank of Scotland Group and Banc of America Securities LLC both had a 5.9% market share and were No 7. and No. 8, respectively. The preliminary results showed that RBS had about $17.10 billion in proceeds while BofA closely followed, having so far sold roughly $17.09 billion.

Merrill Lynch & Co. and JPMorgan, No.9 and No. 10, respectively, also had the same market share of 4.4% in the preliminary tables. Merrill had about $12.70 billion in proceeds and is closely followed by JPMorgan, which sold approximately $12.65 billion.

Final results for Thomson's league tables would be coming out sometime this week.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.