| MANAGER ACTIVITY | ||||
| Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market | ||||
| REAL ESTATE ABS | ||||
| Managers | Proceeds (mils) | Rank | Mkt. Share | # of Issues |
| Lehman Brothers | 25,093.8 | 1 | 14.2 | 59 |
| Morgan Stanley | 16,741.0 | 2 | 9.5 | 37 |
| Countrywide Securities Corp | 16,218.3 | 3 | 9.2 | 28 |
| Royal Bank of Scotland Group | 14,501.9 | 4 | 8.2 | 33 |
| Citigroup | 13,635.3 | 5 | 7.7 | 36 |
| Credit Suisse First Boston | 13,277.8 | 6 | 7.5 | 33 |
| JP Morgan | 12,720.2 | 7 | 7.2 | 18 |
| Deutsche Bank AG | 11,746.2 | 8 | 6.7 | 27 |
| Banc of America Securities LLC | 11,713.3 | 9 | 6.6 | 34 |
| Bear Stearns & Co Inc | 8,759.5 | 10 | 5.0 | 19 |
| Industry Total | 176,272.0 | – | 100.0 | 332 |
| Source: Thomson Financial | ||||
More From Asset Securitization Report
Smaller regionals brush off commercial real estate worries
Cullen/Frost in Texas, BankUnited in Florida and Bank OZK in Arkansas are among the banks that have, at least for now, allayed investors' fears about their exposure to the CRE sector.
Real estate tax lien finance company debuts with $68.3 million
Compared with other tax lien transactions, PVOne 2023-1 has a much smaller initial redemption value, and has one of the lowest numbers of liens, at 9,681. Its weighted average loan-to-value (LTV) ratio is 8.8%.
JPMorgan clinches top ABS manager spot of 2022, leading $51 billion
The investment bank defends its title as No.1 from 2021, and also dominated the auto ABS and commercial MBS asset categories, based on ASR's database.
Commercial real estate REIT Ready Capital preps $754.2 million deal
A high concentration in multifamily properties, which have defaulted at much lower rates than other property types, is a positive consideration.
Rising rates, remote work put commercial real estate on Fed official’s radar
Esther George, president of the Federal Reserve Bank of Kansas City, says changes in the office sector and monetary policy pose potential risks to property owners and their lenders.