Jumbo RMBS Face Greater Default Risk Than Subprime

The jumbo residential mortgage-backed securities sector faces a greater risk of default than its subprime counterpart, according to Moody’s Investors Service.

  • 02 Nov 2011
The jumbo residential mortgage-backed securities sector faces a greater risk of default than its subprime counterpart, according to Moody’s Investors Service. Moody’s explain that the subprime sector has been stabilizing with few projected losses as most borrowers have already defaulted, resulting in less future loss volatility. Jumbo borrowers ...

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Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 2,007 6 18.96
2 BNP Paribas 1,434 4 13.55
3 Goldman Sachs 1,392 3 13.15
4 Barclays 1,097 2 10.37
5 Morgan Stanley 1,094 2 10.34

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4 Bank of America Merrill Lynch 14,370.49 47 9.10%
5 Barclays 10,634.97 35 6.73%