| MANAGER ACTIVITY | ||||
| Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market | ||||
| CREDIT CARD ABS | ||||
| Managers | Proceeds (mils) | Rank | Mkt. Share | # of Issues |
| Banc One Capital Markets | 2,625.0 | 1 | 29.7 | 3 |
| Citigroup | 1,849.6 | 2 | 20.9 | 3 |
| JP Morgan | 1,525.0 | 3 | 17.2 | 2 |
| Lehman Brothers | 1,400.0 | 4 | 15.8 | 4 |
| Merrill Lynch & Co Inc | 752.2 | 5 | 8.5 | 2 |
| Goldman Sachs & Co | 350.0 | 6 | 4.0 | 1 |
| Banc of America Securities LLC | 250.0 | 7 | 2.8 | 1 |
| Wachovia Corp | 100.0 | 8 | 1.1 | 1 |
| Industry Total | 8,851.8 | – | 100.0 | 12 |
| Source: Thomson Financial | ||||
More From Asset Securitization Report
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.
Enterprise Fleet Financing aims to sell $1 billion in ABS
Smaller and largely unrated non-investment grade entities compose the assets, but the historical managed portfolio and securitized delinquencies and losses remain low, even during recessions.
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.
AmeriHome Mortgage’s prime assets support $391.4 million in RMBS
Super senior tranches benefit from credit enhancement of 15.03%, KBRA said. Senior notes that are not interest only—A19 through A25—benefit from credit enhancement levels of 8.20%.
BlackRock related trust offers $1.1 billion in CMBS
The pool is primarily composed of multifamily mortgages, but includes a range of properties, and one third of the pool structured with future funding.
