Wells Fargo files for first post-crisis PL RMBS deal

Wells Fargo filed a 15-G form with the Securities and Exchange Commission on Tuesday, confirming that the bank is set to launch its first private-label residential mortgage-backed security since the financial crisis.

  • By Alexander Saeedy
  • 09 Oct 2018

One of the most prolific private-label residential mortgage backed issuers in the 2000s through shelves including WFALT, WFHET, and WFMBS, Wells Fargo had entirely stepped away from sponsoring MBS deals since its crisis-era underwriting practices landed the bank in hot water with the US Department of Justice.

The deal, ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 15,084 31 17.18
2 Bank of America Merrill Lynch (BAML) 9,637 29 10.97
3 Citi 8,093 21 9.22
4 Lloyds Bank 7,329 24 8.35
5 JP Morgan 6,580 10 7.49

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 129,591.43 378 11.20%
2 Bank of America Merrill Lynch 103,557.15 301 8.95%
3 JPMorgan 101,741.96 296 8.79%
4 Wells Fargo Securities 91,373.90 263 7.90%
5 Credit Suisse 76,186.18 204 6.58%