ResCap Sells Mortgages To Fund Put Option

GMAC Residential Capital, a European mortgage lender, plans to sell some mortgage receivables to an unnamed European bank to fund a put option on one of its sponsored deals.

  • 05 Aug 2010

-- Daniel O’Leary

GMAC Residential Capital, a European mortgage lender, plans to sell some mortgage receivables to an unnamed European bank to fund a put option on one of its sponsored deals. The €500 million ($659 million) E-MAC NL 2003-II residential mortgage securitization has a quarterly payment coming due in ...

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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

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3 Wells Fargo Securities 55,583.74 178 9.98%
4 JPMorgan 40,447.01 140 7.26%
5 Credit Suisse 30,239.23 97 5.43%