| MANAGER ACTIVITY | ||||
| Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market | ||||
| AUTO ABS | ||||
| Managers | Proceeds (mils) | Rank | Mkt. Share | # of Issues |
| JP Morgan | 4,444.3 | 1 | 14.6 | 6 |
| Deutsche Bank AG | 3,770.1 | 2 | 12.4 | 7 |
| Citigroup | 3,705.3 | 3 | 12.2 | 5 |
| Banc One Capital Markets | 3,347.8 | 4 | 11.0 | 6 |
| Credit Suisse First Boston | 3,129.1 | 5 | 10.3 | 7 |
| Banc of America Securities LLC | 2,447.8 | 6 | 8.0 | 5 |
| Barclays Capital | 2,400.8 | 7 | 7.9 | 5 |
| Morgan Stanley | 2,265.7 | 8 | 7.4 | 4 |
| Merrill Lynch & Co Inc | 1,635.4 | 9 | 5.4 | 3 |
| Goldman Sachs & Co | 1,289.4 | 10 | 4.2 | 3 |
| Industry Total | 30,458.9 | – | 100.0 | 37 |
| Source: Thomson Financial | ||||
More From Asset Securitization Report
SAGE Residential raises $463.8 million from closed-end second-line mortgages
The A1 class is broken down into three AAA-rated tranches, made up of initial exchangeable notes that can be exchanged for the exchangeable notes.
PennyMac’s first all-investment property RMBS raises $298.1 million
Classes A1 through A3, which is composed of seven tranches, are expected to pay coupons of 6.39%.
UWM sheds MSRs to ease debt as origination margins slip
The company expects to report net income between $205 million and $220 million, with positive servicing results offset by an originations miss, analysts said.
ALLCU raises $243.7 million in prime auto ABS
A new cohort of lenders, Dort Financial Credit Union, Gesa Credit Union and Liberty Federal Credit Union originated the loans and contributed them to the collateral pool.
Enterprise Fleet Financing aims to sell $1 billion in ABS
Smaller and largely unrated non-investment grade entities compose the assets, but the historical managed portfolio and securitized delinquencies and losses remain low, even during recessions.
