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 Bank of America Merrill Lynch (BAML) 1,284 2 30.09
2 Barclays 633 1 14.82
3 BNP Paribas 509 1 11.91
4 Citi 467 1 10.94
5 Morgan Stanley 455 1 10.66

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 10,064.23 34 12.48%
2 Barclays 7,915.37 23 9.82%
3 Bank of America Merrill Lynch 7,473.95 24 9.27%
4 JPMorgan 7,314.30 26 9.07%
5 Wells Fargo Securities 6,484.83 25 8.04%