| 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 | 22,416.3 | 1 | 10.3 | 37 |
| Lehman Brothers | 20,672.3 | 2 | 9.5 | 51 |
| Morgan Stanley | 20,231.6 | 3 | 9.3 | 24 |
| Countrywide Securities Corp | 18,767.1 | 4 | 8.7 | 23 |
| Royal Bank of Scotland Group | 18,616.8 | 5 | 8.6 | 29 |
| Credit Suisse First Boston | 17,971.9 | 6 | 8.3 | 42 |
| Deutsche Bank AG | 16,796.8 | 7 | 7.8 | 33 |
| Banc of America Securities LLC | 11,998.7 | 8 | 5.5 | 25 |
| Merrill Lynch & Co Inc | 10,937.9 | 9 | 5.0 | 14 |
| Citigroup | 10,317.1 | 10 | 4.8 | 22 |
| Industry Total | 216,807.2 | – | 100.0 | 391 |
| Source: Thomson Financial | ||||
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