| 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 | 35,795.4 | 1 | 10.2 | 84 |
| Countrywide Securities Corp | 31,733.9 | 2 | 9.1 | 50 |
| Royal Bank of Scotland Group | 30,204.5 | 3 | 8.7 | 75 |
| Credit Suisse | 27,350.7 | 4 | 7.8 | 72 |
| Morgan Stanley | 27,249.1 | 5 | 7.8 | 28 |
| Deutsche Bank AG | 25,353.1 | 6 | 7.3 | 54 |
| Merrill Lynch & Co Inc | 20,888.8 | 7 | 6.0 | 35 |
| Bear Stearns & Co Inc | 20,420.3 | 8 | 5.9 | 66 |
| Goldman Sachs & Co | 19,000.7 | 9 | 5.5 | 40 |
| JP Morgan | 17,207.5 | 10 | 4.9 | 38 |
| Industry Total | 348,552.8 | – | 100.0 | 675 |
| Source: Thomson Financial | ||||
More From Asset Securitization Report
Island CEF’s equipment leases underpin $265.5 million in ABS
The top 20 obligors account for 32.0% of the aggregate securitization value, while the top 10 represent 18.8%, a moderately elevated concentration.
Agency MBS issuance slows in June on fewer refis
However, for the second quarter, increased home purchase mortgage activity contributed to an industry-wide 11% increase in agency securitizations, BTIG said.
SoFi raises $688.5 million from consumer ABS
The deal saw notable changes from SCLP 2021-1, especially an increase in target and initial overcollateralization.
Pagaya raises $340 million to call on previous ABS series
The proceeds from PAID 2026-R2 will fund a purchase account, which will purchase unsecured consumer loans from PAID 2024-2 and 2024-3.
Onslow Bay prepares to sell $452.7 million in ABS from HELOCs
First liens and junior liens account for 197 and 1,755 of the pool, respectively, DBRS said. They have unpaid balances of $30.5 million and $217 million, with FICO scores of 747 and 740 on a WA basis.
