| 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 | 11,324.6 | 1 | 13.3 | 20 |
| JP Morgan | 11,150.3 | 2 | 13.1 | 23 |
| Wachovia Corp | 10,658.0 | 3 | 12.4 | 18 |
| Barclays Capital | 9,681.6 | 4 | 11.4 | 15 |
| Deutsche Bank AG | 7,784.8 | 5 | 9.2 | 17 |
| Banc of America Securities LLC | 6,637.5 | 6 | 7.8 | 10 |
| Credit Suisse | 4,066.8 | 7 | 4.8 | 8 |
| HSBC Holdings PLC | 3,971.7 | 8 | 4.7 | 5 |
| Royal Bank of Scotland Group | 3,644.0 | 9 | 4.3 | 8 |
| Morgan Stanley | 3,554.6 | 10 | 4.2 | 7 |
| Industry Total | 85,059.8 | – | 100.0 | 90 |
| 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.
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.
Bankers Healthcare gets set to raise almost $400 million in ABS
The deal continues BHG's more recent streak of securitizing loans collateralized exclusively by consumer loans. The deal is the program's sixth term 144A securitization backed by consumer loans.
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.