| 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 |
| Countrywide Securities Corp | 16,054.2 | 1 | 11.5 | 13 |
| Lehman Brothers | 14,377.1 | 2 | 10.3 | 26 |
| RBS Greenwich Capital | 14,374.6 | 3 | 10.3 | 24 |
| Credit Suisse First Boston | 11,912.0 | 4 | 8.5 | 24 |
| Citigroup | 11,018.3 | 5 | 7.9 | 29 |
| Morgan Stanley | 10,900.7 | 6 | 7.8 | 20 |
| Deutsche Bank AG | 10,854.8 | 7 | 7.8 | 30 |
| Merrill Lynch & Co Inc | 8,829.0 | 8 | 6.3 | 14 |
| Barclays Capital | 7,752.9 | 9 | 5.5 | 8 |
| Banc of America Securities LLC | 7,475.2 | 10 | 5.4 | 23 |
| Industry Total | 139,835.7 | – | 100.0 | 237 |
| Source: Thomson Financial | ||||
More From Asset Securitization Report
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.
Rising Treasury yields darkens mortgage rate outlook
Zillow now predicts mortgage rates to end 2026 over 7%.
PRPM raises $354.3 million from a mixed pool of mortgages
Despite the variety of loans in the pool, the vast majority of assets are considered qualified mortgages, with only 10.9% considered non-QM.
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.
Agency MBS issuance slows in June on fewer refis
However, for the second quarter, increased home purchase mortgage activity contributed to an industry-wide 11% increase in agency securitizations, BTIG said.