| 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 | 5,769.9 | 1 | 23.6 | 7 |
| Banc of America Securities LLC | 5,302.4 | 2 | 21.7 | 9 |
| Citigroup | 3,525.0 | 3 | 14.4 | 4 |
| Credit Suisse | 1,968.6 | 4 | 8.0 | 3 |
| Morgan Stanley | 1,929.0 | 5 | 7.9 | 2 |
| ABN AMRO | 1,881.1 | 6 | 7.7 | 2 |
| Deutsche Bank AG | 1,425.0 | 7 | 5.8 | 8 |
| Wachovia Corp | 962.5 | 8 | 3.9 | 3 |
| Barclays Capital | 625.0 | 9 | 2.6 | 1 |
| HSBC Holdings PLC | 500.0 | 10* | 2.0 | 1 |
| Lehman Brothers | 500.0 | 10* | 2.0 | 4 |
| Industry Total | 24,476.0 | – | 100.0 | 35 |
| 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.
