The Royal Bank of Scotland Group emerged as the leader among U.S. RMBS managers in the first half of the year, outselling close rivals Bear Stearns and Lehman Brothers by more than $10 billion each, according to data maintained by Thomson Financial. RBS brought 65 deals to the market in the first half totaling $64.2 billion and landing the investment bank a 12.1% market share, up from a 10% slice of the market during the same time period last year, when it brought 66 deals to the market totaling $43.9 billion and a fourth-place ranking.

Bear Stearns came in second, with $53.4 billion worth of deals sold in the first half of the year. Bear brought 65 deals to the market, earning a 10% market share, compared with 72 deals in the first half of last year, which totaled $46,2 billion and also landed Bear a second place finish and a 10.5% market share. Previous leader Lehman Brothers rounded out the top three, bringing 58 deals to market totaling $52.7 billion and a 9.9% market share. In the first half last year, Lehman brought 65 deals totaling $46.4 billion and a 10.6% market share.

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