| 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 |
| Citigroup | 7,192.8 | 1 | 18.0 | 10 |
| JP Morgan | 7,074.6 | 2 | 17.7 | 12 |
| Deutsche Bank AG | 5,344.5 | 3 | 13.4 | 9 |
| Barclays Capital | 3,323.5 | 4 | 8.3 | 8 |
| Wachovia Corp | 3,158.9 | 5 | 7.9 | 4 |
| Credit Suisse First Boston | 3,120.2 | 6 | 7.8 | 7 |
| Banc of America Securities LLC | 3,105.2 | 7 | 7.8 | 6 |
| Merrill Lynch & Co Inc | 2,002.4 | 8 | 5.0 | 3 |
| Lehman Brothers | 1,470.7 | 9 | 3.7 | 3 |
| Morgan Stanley | 1,420.1 | 10 | 3.6 | 3 |
| Industry Total | 39,891.1 | – | 100.0 | 46 |
| Source: Thomson Financial | ||||
More From Asset Securitization Report
Agency MBS issuance slows in June on fewer refis
However, for the second quarter, increased home purchase mortgage activity contributed to an industry-wide 11% increase in agency securitizations, BTIG said.
Lobel’s latest subprime auto ABS pool raises $223.8 million
Borrowers in the pool had a non-zero weighted average credit score of 608, with a 112.12% loan-to-value (LTV) ratio.
GLS raises $1.1 billion from subprime auto notes
The three class A notes, A1, A2 and A3, of GCAR 2026-2 notes will all benefit from hard credit enhancement levels, plus haircut to excess spread of 56.07%.
Basel, G-SIB proposals lower bank capital across the board
Federal regulators issued proposals Thursday to implement the final elements of the Basel III accords, adjust the global systemically important bank surcharge and implement standardized approaches for risk-weighted assets. The changes would reduce capital requirements for banks of all sizes affected by the rules.
Iran war pushes mortgage rates near yearly high
The conflict pushed oil price futures above $100 a barrel for a short time earlier this week, which affected bond investors and the 10-year Treasury yield.
