Non-QM RMBS surges while prime jumbo continues to lag

The US RMBS market at the end of the first quarter is looking robust in some segments but sluggish in others, as Goldman Sachs lines up a new deal this week and an offering from Angel Oak clears the pipeline.

  • By Alexander Saeedy
  • 26 Mar 2019

Goldman’s deal, its first off the GSMBS shelf since 2014, is like several bank deals that commingle jumbo mortgage loans and fixed rate conforming loans that would be eligible for purchase by the government sponsored enterprises, which comprise roughly 25% of the pool by loan balance.

Some issuers ...

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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 4,486 16 13.62
2 Citi 4,347 16 13.20
3 Lloyds Bank 3,158 6 9.59
4 Morgan Stanley 3,066 8 9.31
5 Bank of America Merrill Lynch (BAML) 2,771 10 8.42

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 59,774.40 197 10.64%
2 JPMorgan 52,017.12 155 9.26%
3 Wells Fargo Securities 42,153.78 123 7.51%
4 Bank of America Merrill Lynch 41,657.82 137 7.42%
5 Credit Suisse 38,415.30 121 6.84%