Impact Of Spanish Mortgage Plan On Securitization Unclear

The impact of a Spanish payment-in-kind plan for struggling homeowners on securitization transactions is unclear as the royal decree implementing the scheme will produce two distinct and opposite effects on the Spanish mortgage market, according to Fitch Ratings.

  • 29 Mar 2012

The impact of a Spanish payment-in-kind plan for struggling homeowners on securitization transactions is unclear as the royal decree implementing the scheme will produce two distinct and opposite effects on the Spanish mortgage market, according to Fitch Ratings.

Click here to read the release from Fitch Ratings.

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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 10,542 20 17.55
2 Bank of America Merrill Lynch (BAML) 6,103 21 10.16
3 Citi 5,130 13 8.54
4 JP Morgan 4,681 6 7.79
5 Morgan Stanley 4,137 11 6.89

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Rank Lead Manager Amount $m No of issues Share %
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1 Citi 81,261.11 236 11.59%
2 Bank of America Merrill Lynch 66,338.04 186 9.46%
3 Wells Fargo Securities 56,344.19 164 8.03%
4 JPMorgan 53,381.65 156 7.61%
5 Credit Suisse 44,872.46 115 6.40%