| 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 | 15,980.0 | 1 | 27.937 | 26 |
| Banc of America Securities | 11,573.3 | 2 | 20.233 | 21 |
| Citigroup Global Markets | 9,165.0 | 3 | 16.023 | 13 |
| Morgan Stanley | 5,052.6 | 4 | 8.833 | 8 |
| Credit Suisse | 2,721.3 | 5 | 4.757 | 8 |
| Deutsche Bank Securities | 2,195.8 | 6 | 3.839 | 10 |
| Barclays Capital | 2,175.0 | 7 | 3.802 | 5 |
| RBS Greenwich Capital | 2,128.3 | 8 | 3.721 | 3 |
| HSBC Securities | 1,750.0 | 9 | 3.059 | 9 |
| Wachovia Securities | 1,337.5 | 10 | 2.338 | 4 |
| Industry Total | 57,200.3 | – | 100.0 | 87 |
| Source: Thomson Financial | ||||
More From Asset Securitization Report
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.
Lenders tighten credit as rate hikes shrink refi market
Among the products disappearing from menus in September included those for cash-out refis and investor home purchases, the Mortgage Bankers Association said.
Lendbuzz Funding goes to a lower credit band to raise $229.7 million
Assets have a non-zero credit score is 631, notably lower than previous transactions. Also, a slight majority of borrowers, 53.23%, have credit scores of 660 or lower.
American Credit auto ABS raises $756.3 million
The initial overcollateralization level was 14.50%, an increase from 14.00%. Target overcollateralization, meanwhile, increased to 18.75, compared with 16.50% on the previous deal.
Multifamily homes drive ACRE Credit’s $893 million CLO
All the loans are interest-only during both their initial and extension terms, but third-party secured overnight financing rate (SOFR) cap agreements provide interest rate protection.
