| 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 |
| Credit Suisse | 16,570.0 | 1 | 11.0 | 32 |
| Lehman Brothers | 15,130.9 | 2 | 10.0 | 34 |
| Countrywide Securities Corp | 15,001.3 | 3 | 9.9 | 17 |
| Morgan Stanley | 13,244.8 | 4 | 8.8 | 17 |
| Deutsche Bank AG | 11,006.7 | 5 | 7.3 | 19 |
| Bear Stearns & Co Inc | 10,364.3 | 6 | 6.9 | 30 |
| Merrill Lynch & Co Inc | 10,045.8 | 7 | 6.6 | 13 |
| JP Morgan | 9,863.4 | 8 | 6.5 | 15 |
| Royal Bank of Scotland Group | 9,348.1 | 9 | 6.2 | 12 |
| Citigroup | 8,276.2 | 10 | 5.5 | 23 |
| Industry Total | 151,304.3 | – | 100.0 | 251 |
| Source: Thomson Financial | ||||
More From Asset Securitization Report
Home improvement loans secure $389 million in ABS from GoodLeap
GDLP 2026-2 also has lower levels of initial credit enhancement compared to GDLP 2026-1, at 6.12% versus 5.74%; overcollateralization at 23.90% versus 24.92% and total gross excess spread of 5.55% versus 5.98%.
Auto ABS suffers the most in a K-shaped economy
Subprime auto and unsecured consumer loans are under pressure even as overall ABS performance remains steady.
Mexican fast-casual franchisor Qdoba raises $442.2 million in ABS
If principal and interest DSCR falls below 1.75x, then 50% of all excess cash flows will be deposited into the deal's cash trap reserve account.
Kalamata Capital sponsors $115 million business receivables ABS
Kalamata Offshore Feeder Fund II and Kalamata Onshore Fund, which have assets of $234.6 million, will provide performance guarantees.
Commercial real estate market bucks rising delinquencies
Private-label CMBS loan delinquencies are rising, but ample liquidity is making 2025 issuance volume the highest since 2007.
