Dealogic said that U.S. marketed RMBS volume is currently at $186.2 billion for 2012 year-to-date, which down 34% compared with 2011 year-to-date at $282.6 billion and the lowest year-to-date volume since $167 billion issued in 2009

However, U.S. marketed RMBS still comprises the majority of global RMBS volume, with a 78% share in 2012 year-to-date, decreasing one percentage point on 2011 year-to-date and the lowest year-to-date share since 2007 at 70%, according to the data provider.

Meanwhile, the U.S. marketed RMBS spread to benchmark in 2012 year-to-date (73 basis points) is at the lowest year-to-date level since the comparable period of 2007 (37 basis points), Dealogic reported. 

In terms of European RMBS, the volume has dropped 27% on 2011 year-to-date to reach $29.7 billion in 2012 year-to-date. The biggest dip in RMBS volume comes from Australasia issuers, with volume dropping 66% versus 2011 year-to-date to reach $5.0bn

By contrast, North Asian issuance has risen 60% over 2011 year-to-date to $7.1 billion in 2012 year-to-date, being the only region globally to have an increase in transaction volume.

Deutsche Bank Securities  leads the U.S. marketed RMBS DCM bookrunner ranking in 2012 year-to-date, with a 14.0% market share. Barclays Capital's market share is 13.1% and Credit Suisse is 10.7%.

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.