| 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 | 5,974.7 | 1 | 29.8 | 11 |
| Citigroup | 4,447.1 | 2 | 22.2 | 7 |
| Banc of America Securities LLC | 3,723.3 | 3 | 18.6 | 6 |
| Deutsche Bank AG | 2,300.0 | 4 | 11.5 | 6 |
| Morgan Stanley | 1,829.0 | 5 | 9.1 | 2 |
| Credit Suisse | 625.0 | 6 | 3.1 | 2 |
| Barclays Capital | 500.0 | 7 | 2.5 | 1 |
| Lehman Brothers | 250.0 | 8 | 1.3 | 1 |
| Wachovia Corp | 249.9 | 9 | 1.2 | 1 |
| Royal Bank of Scotland Group | 175.0 | 10 | 0.9 | 1 |
| Industry Total | 20,074.0 | – | 100.0 | 30 |
| 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.
Portfolio managers expect spike in defaults, wider spreads
In the midst of increasing economic and geopolitical risks, portfolio managers expect global defaults and credit spreads to rise in the latest IAPCM survey.
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.
