Low Interest Rates Help Stifle RMBS Issuance

Low interest rats are contributing to the sluggish issuance of residential mortgage-backed securities as banks find it less expensive to hold jumbo mortgages on their books rather than package them into RMBS, according to analysts. “

  • 15 Oct 2010
Low interest rats are contributing to the sluggish issuance of residential mortgage-backed securities as banks find it less expensive to hold jumbo mortgages on their books rather than package them into RMBS, according to analysts. “Securitization of newly originated loans is currently uneconomical,” said Laurie Goodman, senior managing ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 4,755 19 11.75
2 Citi 4,288 14 10.60
3 Rabobank 2,633 4 6.51
4 Goldman Sachs 2,615 4 6.46
5 Barclays 2,603 8 6.43

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 Citi 83,931.01 244 12.94%
2 Bank of America Merrill Lynch 71,587.85 220 11.03%
3 Wells Fargo Securities 64,351.96 203 9.92%
4 JPMorgan 46,391.25 147 7.15%
5 Credit Suisse 37,323.31 115 5.75%