GSE single security gets the green light

A regulatory committee of the Securities Industry and Financial Markets Association (SIFMA) voted last week to allow a fungible single security known as the uniform mortgage backed security (UMBS) to be issued into to-be-announced (TBA) markets, where Fannie Mae and Freddie Mac deliver MBS to investors around the world.

  • By Alexander Saeedy
  • 08 Mar 2019
As a trade organisation, SIFMA has a focus on agency MBS markets and maintains a collection of market standards and trading practices governing the TBA market. One of the final steps in the substantial reform of the TBA markets required SIFMA’s approval before the single security could be ...

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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 5,997 17 15.40
2 Citi 4,679 16 12.02
3 Lloyds Bank 3,158 6 8.11
4 Bank of America Merrill Lynch (BAML) 3,104 10 7.97
5 Morgan Stanley 3,066 8 7.88

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 70,707.91 236 10.46%
2 JPMorgan 64,579.62 197 9.55%
3 Bank of America Merrill Lynch 51,474.08 169 7.61%
4 Wells Fargo Securities 51,322.59 157 7.59%
5 Credit Suisse 47,737.24 151 7.06%