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 14,443 29 18.07
2 Bank of America Merrill Lynch (BAML) 8,264 27 10.34
3 Lloyds Bank 7,329 24 9.17
4 Citi 6,748 19 8.44
5 JP Morgan 5,220 8 6.53

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1 Citi 117,520.50 339 11.05%
2 Bank of America Merrill Lynch 94,721.79 272 8.91%
3 JPMorgan 92,612.23 269 8.71%
4 Wells Fargo Securities 82,597.19 239 7.77%
5 Credit Suisse 69,442.99 183 6.53%