Low Interest Rates Help Stifle RMBS Issuance

Low interest rats are contributing to the sluggish issuance of residential mortgage-backed securities as banks find it less expensive to hold jumbo mortgages on their books rather than package them into RMBS, according to analysts. “

  • 15 Oct 2010
Low interest rats are contributing to the sluggish issuance of residential mortgage-backed securities as banks find it less expensive to hold jumbo mortgages on their books rather than package them into RMBS, according to analysts. “Securitization of newly originated loans is currently uneconomical,” said Laurie Goodman, senior managing ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 Citi 120,318.45 348 12.72%
2 Bank of America Merrill Lynch 104,269.08 299 11.02%
3 Wells Fargo Securities 88,761.07 266 9.38%
4 JPMorgan 69,240.12 209 7.32%
5 Credit Suisse 51,560.77 157 5.45%