Principal Write-Down Remains Controversial

Writing down principal for borrowers who are underwater continues to fuel debate among mortgage-securities investors, according to DBRS, the credit ratings agency.

  • 28 Apr 2010
Writing down principal for borrowers who are underwater continues to fuel debate among mortgage-securities investors, according to DBRS, the credit ratings agency. DBRS analysts say proponents of principal reduction, which the Department of the Treasury is planning to incorporate into its Home Affordable Modification Program, helps eliminate negative ...

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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) 3,319 10 12.84
2 Citi 2,562 6 9.92
3 Goldman Sachs 2,150 3 8.32
4 Credit Suisse 1,822 6 7.05
5 Societe Generale 1,814 4 7.02

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Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 22 May 2017
1 Citi 41,255.30 117 12.99%
2 Bank of America Merrill Lynch 37,631.92 109 11.85%
3 Wells Fargo Securities 32,082.26 89 10.11%
4 JPMorgan 20,969.41 64 6.60%
5 Credit Suisse 16,754.47 44 5.28%