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 5,997 17 15.40
2 Citi 4,679 16 12.02
3 Lloyds Bank 3,158 6 8.11
4 Bank of America Merrill Lynch (BAML) 3,104 10 7.97
5 Morgan Stanley 3,066 8 7.88

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1 Citi 69,310.90 231 10.47%
2 JPMorgan 63,935.25 195 9.66%
3 Wells Fargo Securities 51,322.59 157 7.76%
4 Bank of America Merrill Lynch 50,413.91 166 7.62%
5 Credit Suisse 46,981.53 148 7.10%