| 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 | 6,149.7 | 1 | 29.6 | 12 |
| Citigroup | 4,447.1 | 2 | 21.4 | 7 |
| Banc of America Securities LLC | 3,973.2 | 3 | 19.2 | 7 |
| Deutsche Bank AG | 2,549.9 | 4 | 12.3 | 7 |
| Morgan Stanley | 1,829.0 | 5 | 8.8 | 2 |
| Credit Suisse | 625.0 | 6 | 3.0 | 2 |
| Barclays Capital | 500.0 | 7 | 2.4 | 1 |
| Lehman Brothers | 250.0 | 8 | 1.2 | 1 |
| Wachovia Corp | 249.9 | 9 | 1.2 | 1 |
| Royal Bank of Scotland Group | 175.0 | 10 | 0.8 | 1 |
| Industry Total | 20,748.8 | – | 100.0 | 32 |
| 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.
