In a close race for the top spot, three banks were vying for first place in the preliminary results of Thomson Financial's RMBS 2002 first quarter league tables.
Because the numbers were not yet final, the standings and numbers may change significantly when all the deals for the quarter were officially counted.
As of press time last Wednesday, Credit Suisse First Boston, UBS Warburg and Goldman Sachs & Co. were leading the unofficial manager activity rankings for agency and non-agency RMBS.
CSFB was leading with close to $21.92 billion and a market share of 16.2%. Closely following were UBS and Goldman, which held second and third place, respectively. UBS sold roughly $19.98 billion (14.8% market share) while Goldman did approximately $18.74 billion (13.9% market share.)
Another possible contender for a top slot was Lehman Brothers, which held fourth place in the preliminary tables with close to $17 billion in proceeds and a 12.6% market share.
Bear Stearns & Co, Inc., which placed fifth in the preliminary tally, followed Lehman with roughly $12.31 billion in proceeds and a 9.1% market share.
Meanwhile, Citigroup/Salomon Smith Barney and Royal Bank of Scotland Group were in sixth and seventh place, respectively. SSB had roughly $11.1 billion in proceeds and an 8.3% market share while RBS boasted approximately $92.25 billion and had a 6.9% market share.
Merrill Lynch & Co. Inc. placed eighth and sold close to $6.67 billion (5% market share). Banc of America Securities LLC was in ninth place (roughly $5.89 billion in proceeds and a 9% market share) and JPMorgan was in tenth place (approximately $3.57 billion in proceeds and a 2.7% market share.)
Official results were due to come out later this week.
Meanwhile, Goldman Sachs was the official lead in the RMBS manager activity rankings for the fourth quarter 2001. The firm came in No. 1 for the combined agency and non-agency MBS charts, supplying the market with a healthy $41.9 billion in proceeds, which is equivalent to a 23.5% market share (see ASR 01/07/02).