| 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 | 17,143.3 | 1 | 10.5 | 33 |
| Lehman Brothers | 15,130.9 | 2 | 9.3 | 34 |
| Countrywide Securities Corp | 15,001.3 | 3 | 9.2 | 17 |
| Morgan Stanley | 13,244.8 | 4 | 8.1 | 17 |
| Deutsche Bank AG | 12,377.3 | 5 | 7.6 | 22 |
| Merrill Lynch & Co Inc | 11,121.3 | 6 | 6.8 | 15 |
| JP Morgan | 10,634.7 | 7 | 6.5 | 18 |
| Royal Bank of Scotland Group | 10,564.5 | 8 | 6.5 | 14 |
| Bear Stearns & Co Inc | 10,364.3 | 9 | 6.3 | 30 |
| Citigroup | 8,663.0 | 10 | 5.3 | 24 |
| Industry Total | 163,446.2 | – | 100.0 | 320 |
| Source: Thomson Financial | ||||
More From Asset Securitization Report
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.
ALLCU raises $243.7 million in prime auto ABS
A new cohort of lenders, Dort Financial Credit Union, Gesa Credit Union and Liberty Federal Credit Union originated the loans and contributed them to the collateral pool.
Enterprise Fleet Financing aims to sell $1 billion in ABS
Smaller and largely unrated non-investment grade entities compose the assets, but the historical managed portfolio and securitized delinquencies and losses remain low, even during recessions.
Don’t bank on rate dip; servicing books win, KBW says
Investors drove long-term Treasury yields down this week on concerns regarding AI-related debt, but inflation and the Iran conflict can push rates higher.
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.