| 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 | 7,864.9 | 1 | 18.0 | 16 |
| Citigroup | 7,722.7 | 2 | 17.7 | 12 |
| Deutsche Bank AG | 6,120.5 | 3 | 14.0 | 10 |
| Credit Suisse First Boston | 3,896.2 | 4 | 8.9 | 8 |
| Barclays Capital | 3,573.5 | 5 | 8.2 | 9 |
| Wachovia Corp | 3,158.9 | 6 | 7.2 | 4 |
| Banc of America Securities LLC | 3,105.2 | 7 | 7.1 | 6 |
| Merrill Lynch & Co Inc | 2,002.4 | 8 | 4.6 | 3 |
| Morgan Stanley | 1,905.0 | 9 | 4.4 | 5 |
| Lehman Brothers | 1,470.7 | 10 | 3.4 | 3 |
| Industry Total | 43,748.3 | – | 100.0 | 51 |
| 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.
Non-prime mortgages power Angel Oak’s $250 million offering
A stop advance applies to first-lien loans that are delinquent by 180 days or more, while a stop advance requirement applies to second-lien loans that are delinquent by 60 days or more.
