(Updated: 2/26/2004 10:03:19 AM) (for details call Kevin Donovan at 212-803-8739)
Processing Content | |
| auto ABS | |
| Deal: DaimlerChrysler Auto Trust 2004-A --priced-- | $1.5 billion |
| Lead: BCG/CITI/DB | |
| Deal: FTN Financial Auto Securitization Trust 2004-A | $150 million |
| Lead: FTN Financial Capital Markets | |
| Deal: Long Beach Acceptance Auto Receivables Trust 2004-A | $300 million |
| Lead: RBS | |
| Deal: USAA Auto Owner Trust 2004-1 --priced-- | $1.9 billion |
| Lead: CITI/BOA | |
| Deal: Wells Fargo Auto Owners Trust 2004-A --priced-- | $500 million |
| Lead: CITI/JPMorgan Securities | |
| --- subtotal: $4.35 billion --- | |
| credit cards | |
| Deal: Bank One Issuance Trust 2004-A2 --priced-- | $2 billion |
| Lead: BOCM/JPMorgan Securities | |
| Deal: MBNASeries 2004-A3 --priced-- | $700 million |
| Lead: GS/LB | |
| --- subtotal: $2.7 billion --- | |
| global RMBS | |
| Deal: Holmes Financing No. 8 | $5.48 billion (equiv) |
| Lead: BCG/LB/UBS | |
| Deal: Permanent Financing No. 4 | $9.61 billion (equiv) |
| Lead: CITI/MS/UBS | |
| --- subtotal: $15.09 billion --- | |
| real estate ABS | |
| Deal: ACE Securities Trust 2004-HS1 --priced-- | $446.3 million |
| Lead: DB | |
| Deal: Bear Stearns ABS 2004-HE1 --priced-- | $245.15 million |
| Lead: BS | |
| Deal: Centex Home Equity Loan Trust 2004-B | $783 million |
| Lead: RBS | |
| Deal: Countrywide Home Equity Loan Trust 2004-BC1 | $1.03 billion |
| Lead: CSC | |
| Deal: Equifirst Mortgage Loan 2004-1 --priced-- | $346.3 million |
| Lead: RBS | |
| Deal: GMAC Mortgage Loan Trust 2004-VF1 | $487.9 million |
| Lead: BS | |
| Deal: Home Equity Asset Trust 2004-2 --priced-- | $800 million |
| Lead: CSFB | |
| Deal: IndyMac Home Equity Loan ABS Trust 2004-1 --priced-- | $500.01 million |
| Lead: LB | |
| Deal: MASTR ABS 2004-OPT1 --priced-- | $674.83 million |
| Lead: UBS | |
| Deal: Morgan Stanley ABS Capital 2004-HE1 --priced-- | $1.69 billion |
| Lead: MS | |
| Deal: Morgan Stanley ABS Capital 2004-NC2 --priced-- | $727.87 million |
| Lead: MS | |
| Deal: Morgan Stanley ABS Capital 2004-NC3 --priced-- | $1.39 billion |
| Lead: MS | |
| Deal: SABR 2004-OP1 --priced-- | $1.75 billion |
| Lead: BCG | |
| Deal: Terwin Mortgage Trust 2004-1HE | $196.3 million |
| Lead: Terwin Capital | |
| --- subtotal: $11.06 billion --- | |
| student loans | |
| Deal: Sallie Mae Student Loan Trust 2004-2 --priced-- | $2.31 billion |
| Lead: CSFB/JPMorgan Securities/ML | |
| --- subtotal: $2.31 billion --- | |
| --- Total of list: $35.51 billion --- |
-
The deal structure includes credit support from a full turbo structure. All excess cash flow will be used to repay note holders without the issuer receiving excess spread until the notes are fully repaid.
March 27 -
For the first time, the FIAOT shelf includes commercial vehicles originated through the SFS's Captive Program, extending vehicle financing to small business owners.
March 27 -
Lowering minimum standards and using a 2018 proposal as a basis for change may be the quickest path, according to Donald Layton, Freddie Mac's CEO from 2012 to 2019.
March 27 -
Full documentation was only applied to 2.6% of the underlying pool of mortgages. Debt-to-income, however, was 23.3% when it was applied.
March 26 -
New questions about Fannie Mae and Freddie Mac's guarantee by experts who saw conservatorship start points to tensions in a stalled secondary offering.
March 26 -
A recent executive order encouraging changes to the Consumer Financial Protection Bureau's Ability-To-Repay and Qualified Mortgage rules are adding to a packed agenda at a time when the agency has lost a third of its staff.
March 26








