| 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 |
| Bear Stearns & Co Inc | 18,933.6 | 1 | 10.6 | 27 |
| Countrywide Securities Corp | 18,051.7 | 2 | 10.1 | 18 |
| Lehman Brothers | 16,792.3 | 3 | 9.4 | 38 |
| Morgan Stanley | 16,762.0 | 4 | 9.4 | 18 |
| Royal Bank of Scotland Group | 16,619.6 | 5 | 9.3 | 25 |
| Deutsche Bank AG | 15,602.4 | 6 | 8.7 | 30 |
| Credit Suisse First Boston | 14,234.2 | 7 | 8.0 | 31 |
| Merrill Lynch & Co Inc | 9,844.1 | 8 | 5.5 | 11 |
| Banc of America Securities LLC | 8,671.1 | 9 | 4.9 | 19 |
| Goldman Sachs & Co | 7,070.5 | 10 | 4.0 | 12 |
| Industry Total | 178,654.7 | – | 100.0 | 279 |
| Source: Thomson Financial | ||||
More From Asset Securitization Report
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A new originator and acquirer is on tap for the SDART program, and comes to market under Rule 144A, unlike previous Santander transactions.
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The top 20 obligors account for 32.0% of the aggregate securitization value, while the top 10 represent 18.8%, a moderately elevated concentration.
Consumer debt accelerates in December, fueled by mortgages
Total consumer debt in the United States hit $18.2 trillion by the end of last year, with $12.8 trillion attributed to first mortgages, according to Equifax.
Global Lending’s auto loan pool to support $261.5 million in auto ABS
As the deal's servicer, GLS is considered less able to mitigate non-collateral risks on behalf of securitization bondholders, it is still experienced, with more than 35 ABS deals.
M&T prepares to raise $673.6 million from equipment contracts
There are 22,704 contracts in the collateral pool, which lends itself to high diversification. The top 5 obligors account for just 0.4% of the pool.
