| 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 |
| Citigroup | 2,700.0 | 1 | 29.1 | 5 |
| Banc of America Securities LLC | 2,198.3 | 2 | 23.7 | 3 |
| Morgan Stanley | 1,829.0 | 3 | 19.7 | 2 |
| Deutsche Bank AG | 1,250.0 | 4 | 13.5 | 3 |
| JP Morgan | 849.9 | 5 | 9.2 | 4 |
| Wachovia Corp | 249.9 | 6 | 2.7 | 1 |
| Credit Suisse | 200.0 | 7 | 2.2 | 1 |
| Industry Total | 9,277.1 | – | 100.0 | 14 |
| 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.
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.
