TARP Evolution Continues To Play With Distressed Pricing

Investors in distressed mortgage products are increasingly skeptical that the Bush Administration’s $700 billion Troubled Asset Relief Program will be able to spur purchasing of distressed mortgages and mortgage products as the fund’s allocations continue to be tweaked.

  • 04 Nov 2008

--Aaron Johnson

Investors in distressed mortgage products are increasingly skeptical that the Bush Administration’s $700 billion Troubled Asset Relief Program will be able to spur purchasing of distressed mortgages and mortgage products as the fund’s allocations continue to be tweaked.

The Treasury Department is reportedly considering upping from $300 billion ...

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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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1 Citi 84,503.31 246 12.96%
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3 Wells Fargo Securities 65,360.43 206 10.03%
4 JPMorgan 46,548.88 148 7.14%
5 Credit Suisse 37,323.31 115 5.73%