| 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 | 7,789.9 | 1 | 15.9 | 16 |
| Citigroup | 7,482.7 | 2 | 15.3 | 12 |
| Deutsche Bank AG | 6,408.5 | 3 | 13.1 | 11 |
| Banc of America Securities LLC | 4,842.3 | 4 | 9.9 | 9 |
| Wachovia Corp | 4,684.3 | 5 | 9.6 | 9 |
| Credit Suisse First Boston | 3,818.7 | 6 | 7.8 | 8 |
| Barclays Capital | 3,498.5 | 7 | 7.1 | 9 |
| Morgan Stanley | 3,023.9 | 8 | 6.2 | 7 |
| Merrill Lynch & Co Inc | 1,824.4 | 9 | 3.7 | 3 |
| Lehman Brothers | 1,255.7 | 10 | 2.6 | 3 |
| Industry Total | 49,024.2 | – | 100.0 | 60 |
| 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.
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.
Don’t bank on rate dip; servicing books win, KBW says
Investors drove long-term Treasury yields down this week on concerns regarding AI-related debt, but inflation and the Iran conflict can push rates higher.
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.
Sequoia Mortgage’s prime pool supports $341.6 million in RMBS
The SEMT 2026-S1 loan count is slightly larger, compared with 671 loans in the SEMT 2025-S2, but they have a lower average loan balance, which seems to track with borrowers' lower median income.