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 Citi 3,237 10 19.12
2 Goldman Sachs 2,096 5 12.39
3 Morgan Stanley 1,965 5 11.61
4 BNP Paribas 1,686 6 9.96
5 Barclays 1,565 4 9.25

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 30,859.27 98 11.48%
2 JPMorgan 25,558.51 72 9.51%
3 Wells Fargo Securities 24,627.51 67 9.16%
4 Bank of America Merrill Lynch 23,023.30 73 8.56%
5 Barclays 16,546.45 55 6.16%