Ireland’s Bailout Won’t Solve Mortgage Woes

A bailout of Ireland’s failing economy could tighten spreads temporarily on its universe of residential mortgage securitizations, but is unlikely to fix the underlying credit fundamentals of mortgages backing the transactions, according to a London-based trader.

  • 17 Nov 2010

-- Daniel O’Leary

A bailout of Ireland’s failing economy could tighten spreads temporarily on its universe of residential mortgage securitizations, but is unlikely to fix the underlying credit fundamentals of mortgages backing the transactions, according to a London-based trader. Alexander Lazanas, co-head of asset-backed securities sales and trading at ...

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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

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 118,826.70 342 11.07%
2 Bank of America Merrill Lynch 94,721.79 272 8.82%
3 JPMorgan 92,878.89 270 8.65%
4 Wells Fargo Securities 82,807.12 240 7.71%
5 Credit Suisse 70,475.74 184 6.57%