Fitch: Vintage 2007 Loans Get Most Downgrades

Fitch Ratings has issued a report on U.K. nonperforming residential mortgage-backed securities indicating that 2007-vintage loans experienced the largest proportion of negative rating actions in the second quarter.

  • 02 Sep 2009
Fitch Ratings has issued a report on U.K. nonperforming residential mortgage-backed securities indicating that 2007-vintage loans experienced the largest proportion of negative rating actions in the second quarter. The credit rating agency explained that these transactions were most affected because they had no period of price appreciation. Fitch ...

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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 10,542 20 17.55
2 Bank of America Merrill Lynch (BAML) 6,103 21 10.16
3 Citi 5,130 13 8.54
4 JP Morgan 4,681 6 7.79
5 Morgan Stanley 4,137 11 6.89

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1 Citi 79,222.71 230 11.49%
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3 Wells Fargo Securities 55,825.35 161 8.10%
4 JPMorgan 52,873.25 155 7.67%
5 Credit Suisse 44,197.08 113 6.41%