| 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 |
| Countrywide Securities Corporation | 22,769.0 | 1 | 12.9 | 22 |
| RBS Greenwich Capital | 22,401.2 | 2 | 12.7 | 28 |
| Merrill Lynch, Pierce, Fenner & Smith Inc | 20,927.0 | 3 | 11.8 | 20 |
| Morgan Stanley & Co. Incorporated | 16,597.8 | 4 | 9.4 | 17 |
| Citigroup Global Markets, Inc. | 16,294.0 | 5 | 9.2 | 19 |
| Lehman Brothers Inc. | 16,116.2 | 6 | 9.1 | 21 |
| Banc of America Securities LLC | 15,106.0 | 7 | 8.5 | 22 |
| Bear Stearns & Co. Inc. | 13,105.5 | 8 | 7.4 | 21 |
| Deutsche Bank Securities, Inc. | 10,662.8 | 9 | 6.0 | 14 |
| JP Morgan Securities | 9,671.9 | 10 | 5.5 | 11 |
| Industry Total | 176,736.8 | – | 100.0 | 220 |
| Source: Thomson Financial | ||||
More From Asset Securitization Report
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.
The top-performing 20 public banks with under $2B of assets
Community banks that could reel in cheap deposits while keeping a lid on expenses were able to outperform peers in 2024.
GLS Auto Select raises $250.7 million in auto ABS
Although the collateral is described as non-prime, Moody's points to several strong credit characteristics, including an average non-zero FICO score of 697 and an eScore of 768.
Oportun’s unsecured consumer loans back $342.8 million in ABS
With a shifting pool mix, concentration limits and other restrictions applied to the new assets, Fitch gives the overall deal a 15.2% base case default expectation.
Crossroads equipment leases secure $248.5 million in ABS
The notes will be repaid sequentially, and with subordination, a reserve account that can be replenished and overcollateralization, the notes receive greater credit enhancement over time.
