| 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 |
| JP Morgan | 15,104.9 | 1 | 28.0 | 28 |
| Citigroup | 11,496.2 | 2 | 21.3 | 22 |
| Barclays Capital | 5,521.4 | 3 | 10.2 | 16 |
| Lehman Brothers | 4,595.5 | 4 | 8.5 | 9 |
| Morgan Stanley | 4,357.9 | 5 | 8.1 | 8 |
| Deutsche Bank AG | 3,440.0 | 6 | 6.4 | 14 |
| Credit Suisse First Boston | 3,050.3 | 7 | 5.7 | 11 |
| Banc of America Securities LLC | 2,895.6 | 8 | 5.4 | 13 |
| Merrill Lynch & Co Inc | 1,210.5 | 9 | 2.2 | 4 |
| Wachovia Corp | 775.0 | 10 | 1.4 | 4 |
| Industry Total | 53,972.7 | – | 100.0 | 94 |
| Source: Thomson Financial | ||||
More From Asset Securitization Report
Lenders tighten credit as rate hikes shrink refi market
Among the products disappearing from menus in September included those for cash-out refis and investor home purchases, the Mortgage Bankers Association said.
UWM scraps credit score minimums amid KBW downgrade
Fannie, Freddie and Ginnie loan eligibility now rests on AUS findings, with scores kept for pricing. KBW cut UWM's price target to $1.50 as it launches a $400M rights offering.
Robinhood Credit’s card portfolio to support $500 million in ABS
The predominant portion of receivables in the trust portfolio is composed of receivables from the Robinhood Gold Card program, which the company launched in March 2024.
Oregon Community Credit Union will issue $307.3 million on auto loans
Used vehicles collateralize 53.01% of the underlying loans, and loans in OCCU 2026-1 have a balance of $34,185, with an annual percentage rate (APR) of 7.54%.
Why the consumer credit outlook for 2H looks cloudier
The latest consumer conditions study from the American Financial Services Association paints a less-than-rosy picture of how lenders expect the second half of the year to play out.