| 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 |
| Deutsche Bank AG | 8,744.1 | 1 | 12.2 | 15 |
| Citigroup | 8,299.9 | 2 | 11.5 | 14 |
| JP Morgan | 8,270.8 | 3 | 11.5 | 13 |
| Merrill Lynch & Co Inc | 7,943.7 | 4 | 11.1 | 10 |
| Banc of America Securities LLC | 7,695.8 | 5 | 10.7 | 12 |
| Wachovia Corp | 7,317.1 | 6 | 10.2 | 14 |
| Barclays Capital | 5,531.6 | 7 | 7.7 | 10 |
| Credit Suisse First Boston | 4,561.9 | 8 | 6.3 | 9 |
| Goldman Sachs & Co | 3,564.1 | 9 | 5.0 | 4 |
| HSBC Holdings PLC | 3,334.4 | 10 | 4.6 | 5 |
| Industry Total | 71,916.0 | – | 100.0 | 68 |
| Source: Thomson Financial | ||||
More From Asset Securitization Report
Wall Street’s AI debt machine is starting to choke on supply
Yields are soaring into the double digits on bonds and loans funding the AI infrastructure buildout. Bankers are finding it more difficult to offload risk to insurers and other investors.
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.
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.
Servicers must watch non-QM as negative outcomes grow
While positive results, including cures and resumed payments, still outpace the poor ones, the gap in the most recent dv01 study narrowed from 12 months prior.