| MANAGER ACTIVITY | ||||
| Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market | ||||
| CDOs | ||||
| Managers | Proceeds (mils) | Rank | Mkt. Share | # of Issues |
| Merrill Lynch | 26,101.4 | 1 | 21.7 | 29 |
| Citigroup Global Markets | 14,027.9 | 2 | 11.7 | 22 |
| Morgan Stanley | 9,518.1 | 3 | 7.9 | 34 |
| JPMorgan Securities | 8,666.1 | 4 | 7.2 | 17 |
| UBS | 7,534.0 | 5 | 6.3 | 12 |
| Wachovia Securities | 7,322.7 | 6 | 6.1 | 13 |
| Deutsche Bank Securities | 6,774.1 | 7 | 5.6 | 16 |
| Barclays Capital | 6,487.7 | 8 | 5.4 | 9 |
| Banc of America Securities | 6,141.7 | 9 | 5.1 | 6 |
| Bear Stearns | 5,845.7 | 10 | 4.9 | 10 |
| Industry Total | 120,319.7 | – | 100.0 | 209 |
| Source: Thomson Financial | ||||
More From Asset Securitization Report
Rate-and-term refi activity hits 2025 high mark
Falling interest rates led to a rush in refinancing, but slowing purchase activity brought a decline in overall lock volumes, according to Optimal Blue.
Mortgage application activity decreases despite lower rates
A pickup in refinances was offset by the first pullback in purchases in four weeks in the run-up to Labor Day, according to the Mortgage Bankers Association.
Mortgage activity flattens as buyers take wait-and-see approach
Purchases managed a small rise, but refinance activity held steady, according to the Mortgage Bankers Association.
Mortgage application activity rebounds with 16% surge
Homeowners responded to moderating interest rates and brought in significantly more refinance volume, with Department of Veterans Affairs numbers more than doubling from the prior week.
BofA managed the most securitization business in 2023, with $32.3 billion
The reasons for BofA's success vary, but in a year when the auto ABS sector experienced a surge in issuance in the second half of the year, several banks appeared to benefit.