| 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 |
| Royal Bank of Scotland Group | 9,000.2 | 1 | 11.1 | 14 |
| Lehman Brothers | 8,758.0 | 2 | 10.8 | 19 |
| Morgan Stanley | 8,445.7 | 3 | 10.4 | 15 |
| Citigroup | 7,676.4 | 4 | 9.5 | 20 |
| Credit Suisse First Boston | 7,094.1 | 5 | 8.7 | 15 |
| Merrill Lynch & Co Inc | 6,730.0 | 6 | 8.3 | 9 |
| Bear Stearns & Co Inc | 4,806.7 | 7 | 5.9 | 9 |
| Deutsche Bank AG | 4,394.2 | 8 | 5.4 | 18 |
| Banc of America Securities LLC | 4,366.1 | 9 | 5.4 | 14 |
| JP Morgan | 4,281.4 | 10 | 5.3 | 9 |
| Industry Total | 81,124.6 | – | 100.0 | 136 |
| Source: Thomson Financial | ||||
More From Asset Securitization Report
Island CEF’s equipment leases underpin $265.5 million in ABS
The top 20 obligors account for 32.0% of the aggregate securitization value, while the top 10 represent 18.8%, a moderately elevated concentration.
Onslow Bay prepares to sell $452.7 million in ABS from HELOCs
First liens and junior liens account for 197 and 1,755 of the pool, respectively, DBRS said. They have unpaid balances of $30.5 million and $217 million, with FICO scores of 747 and 740 on a WA basis.
Mortgage application activity decreases despite lower rates
A pickup in refinances was offset by the first pullback in purchases in four weeks in the run-up to Labor Day, according to the Mortgage Bankers Association.
Jersey Mike’s preps second ABS in less than a year
Proceeds in part fund dividend for new private equity owner
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John Hintze
Honda Auto Receivables raises at least $1.7 billion in ABS
The deal can be upsized to $2 billion, and the transaction will repay principal sequentially, growing non-declining enhancement as the notes amortize.
