| 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 Securities | 11,405.0 | 1 | 26.0 | 18 |
| Banc of America Securities LLC | 10,090.0 | 2 | 23.0 | 17 |
| Citigroup Global Markets, Inc. | 8,750.0 | 3 | 19.9 | 12 |
| Morgan Stanley & Co. Incorporated | 5,252.6 | 4 | 12.0 | 6 |
| Deutsche Bank Securities, Inc. | 3,175.0 | 5 | 7.2 | 9 |
| ABN AMRO Incorporated | 2,878.1 | 6 | 6.6 | 4 |
| Credit Suisse Securities (USA) LLC | 2,842.6 | 7 | 6.5 | 8 |
| RBS Greenwich Capital | 2,475.0 | 8 | 5.6 | 4 |
| Barclays Capital | 2,350.0 | 9 | 5.4 | 2 |
| Wachovia Securities | 2,025.0 | 10 | 4.6 | 4 |
| Industry Total | 43,875.8 | – | 100.0 | 68 |
| Source: Thomson Financial | ||||
More From Asset Securitization Report
FICO holds price for commitments as Pulte plans more action
FICO announced it will maintain its mortgage industry price for credit scores through tri-merge resellers at $10 for members of its Preferred Program.
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%.
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.
Enterprise Fleet Financing aims to sell $1 billion in ABS
Smaller and largely unrated non-investment grade entities compose the assets, but the historical managed portfolio and securitized delinquencies and losses remain low, even during recessions.
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.
