| MANAGER ACTIVITY | ||||
| Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market | ||||
| STUDENT LOAN ABS | ||||
| Managers | Proceeds (mils) | Rank | Mkt. Share | # of Issues |
| Citigroup | 3,746.1 | 1 | 22.8 | 7 |
| Deutsche Bank AG | 2,740.7 | 2 | 16.7 | 5 |
| Morgan Stanley | 2,599.9 | 3 | 15.8 | 4 |
| Merrill Lynch & Co Inc | 2,238.3 | 4 | 13.6 | 4 |
| Credit Suisse First Boston | 1,877.2 | 5 | 11.4 | 3 |
| Banc of America Securities LLC | 1,186.3 | 6 | 7.2 | 3 |
| JP Morgan | 514.1 | 7 | 3.1 | 1 |
| Banc One Capital Markets | 507.6 | 8* | 3.1 | 1 |
| Lehman Brothers | 507.6 | 8* | 3.1 | 1 |
| UBS | 503.0 | 10 | 3.1 | 2 |
| Industry Total | 16,420.8 | – | 100.0 | 15 |
| 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.
Post-2022 loans drive 43% of foreclosure starts; act early
Loans originated in 2022 or later accounted for 43% of September's foreclosure starts and 49% of completed sales, according to the ICE's first look report.
Foundation Finance raises $353.7 million from home improvement loans
FFIN 2026-2's notes will repay investors sequentially, other than during a class A credit enhancement period.
Portfolio managers expect spike in defaults, wider spreads
In the midst of increasing economic and geopolitical risks, portfolio managers expect global defaults and credit spreads to rise in the latest IAPCM survey.
PennyMac’s first all-investment property RMBS raises $298.1 million
Classes A1 through A3, which is composed of seven tranches, are expected to pay coupons of 6.39%.
