| 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 |
| Morgan Stanley | 1,579.0 | 1 | 29.8 | 1 |
| JP Morgan | 1,400.0 | 2 | 26.4 | 6 |
| Citigroup | 1,125.0 | 3 | 21.2 | 3 |
| Barclays Capital | 617.6 | 4 | 11.6 | 5 |
| Lehman Brothers | 375.0 | 5 | 7.1 | 1 |
| Merrill Lynch & Co Inc | 174.3 | 6 | 3.3 | 1 |
| Deutsche Bank AG | 17.6 | 7 | 0.3 | 1 |
| Banc of America Securities LLC | 17.6 | 7 | 0.3 | 1 |
| Industry Total | 5,306.1 | – | 100.0 | 12 |
| Source: Thomson Financial | ||||
More From Asset Securitization Report
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%.
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.
