| 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 | 11,469.1 | 1 | 25.7 | 22 |
| Citigroup | 8,147.0 | 2 | 18.2 | 20 |
| Barclays Capital | 4,891.0 | 3 | 10.9 | 14 |
| Deutsche Bank AG | 3,776.7 | 4 | 8.5 | 18 |
| Banc of America Securities LLC | 3,133.2 | 5 | 7.0 | 12 |
| Morgan Stanley | 3,016.5 | 6 | 6.8 | 5 |
| Credit Suisse First Boston | 2,250.0 | 7 | 5.0 | 7 |
| Lehman Brothers | 2,000.0 | 8 | 4.5 | 5 |
| ABN AMRO | 1,833.2 | 9 | 4.1 | 7 |
| Royal Bank of Scotland Group | 1,285.8 | 10 | 2.9 | 5 |
| Industry Total | 44,717.5 | – | 100.0 | 87 |
| 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.
Foundation Finance raises $353.7 million from home improvement loans
FFIN 2026-2's notes will repay investors sequentially, other than during a class A credit enhancement period.
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.
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.
