| 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 | 37,422.4 | 1 | 13.2 | 90 |
| Citigroup | 26,404.0 | 2 | 9.3 | 67 |
| Credit Suisse First Boston | 25,476.2 | 3 | 9.0 | 61 |
| Morgan Stanley | 23,662.9 | 4 | 8.4 | 50 |
| Royal Bank of Scotland Group | 22,936.0 | 5 | 8.1 | 47 |
| JP Morgan | 20,260.5 | 6 | 7.2 | 28 |
| Bear Stearns & Co Inc | 20,158.6 | 7 | 7.1 | 43 |
| Countrywide Securities Corp | 19,852.7 | 8 | 7.0 | 38 |
| Deutsche Bank AG | 19,555.4 | 9 | 6.9 | 47 |
| Banc of America Securities LLC | 18,659.3 | 10 | 6.6 | 57 |
| Industry Total | 282,803.0 | – | 100.0 | 564 |
| Source: Thomson Financial | ||||
More From Asset Securitization Report
Sunrun’s lates residential solar ABS pool raises $293 million
Interest will be repaid sequentially. Scheduled principal will be paid based on the scheduled outstanding note balance for the applicable payment period and the note balances.
Carvana’s latest auto ABS raises $1.1 billion
S&P sets an estimated cumulative net loss of 2.85% for the CRVNA 2026-P2 notes, unchanged from the CRVNA 2026-P1, because the collateral characteristics were unchanged.
Mexican fast-casual franchisor Qdoba raises $442.2 million in ABS
If principal and interest DSCR falls below 1.75x, then 50% of all excess cash flows will be deposited into the deal's cash trap reserve account.
TIP Solar raises $179.7 million in ABS from residential solar, PPA leases
Interest payments on the class B notes might be deferred to allow the interest and principal on the class A notes if a sequential interest amortization period is in effect.
Rate-and-term refi activity hits 2025 high mark
Falling interest rates led to a rush in refinancing, but slowing purchase activity brought a decline in overall lock volumes, according to Optimal Blue.