| 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 | 11,508.4 | 1 | 12.1 | 24 |
| Credit Suisse | 11,297.3 | 2 | 11.9 | 23 |
| Deutsche Bank AG | 8,342.6 | 3 | 8.8 | 10 |
| Morgan Stanley | 7,460.2 | 4 | 7.8 | 11 |
| Merrill Lynch & Co Inc | 6,910.8 | 5 | 7.3 | 8 |
| Barclays Capital | 6,061.1 | 6 | 6.4 | 13 |
| Bear Stearns & Co Inc | 5,411.1 | 7 | 5.7 | 17 |
| Royal Bank of Scotland Group | 5,381.2 | 8 | 5.7 | 9 |
| UBS | 5,215.6 | 9 | 5.5 | 18 |
| JP Morgan | 4,926.8 | 10 | 5.2 | 8 |
| Industry Total | 95,104.2 | – | 100.0 | 162 |
| Source: Thomson Financial | ||||
More From Asset Securitization Report
SAGE Residential raises $463.8 million from closed-end second-line mortgages
The A1 class is broken down into three AAA-rated tranches, made up of initial exchangeable notes that can be exchanged for the exchangeable notes.
Wall Street’s AI debt machine is starting to choke on supply
Yields are soaring into the double digits on bonds and loans funding the AI infrastructure buildout. Bankers are finding it more difficult to offload risk to insurers and other investors.
UWM sheds MSRs to ease debt as origination margins slip
The company expects to report net income between $205 million and $220 million, with positive servicing results offset by an originations miss, analysts said.
Non-prime mortgages power Angel Oak’s $250 million offering
A stop advance applies to first-lien loans that are delinquent by 180 days or more, while a stop advance requirement applies to second-lien loans that are delinquent by 60 days or more.
Servicers must watch non-QM as negative outcomes grow
While positive results, including cures and resumed payments, still outpace the poor ones, the gap in the most recent dv01 study narrowed from 12 months prior.