CMBS Rallies On REMIC Changes, TRX Launch

The commercial mortgage-backed securities market rallied strongly last week on changes to real estate mortgage investment conduit rules that give borrowers and special servicers more latitude to make loan modifications to troubled loans as well as the launch of TRX, a total return swap index that investors and dealers can use for hedging.

  • 21 Sep 2009

--Samantha Rowan & Joy Wiltermuth

The commercial mortgage-backed securities market rallied strongly last week on changes to real estate mortgage investment conduit rules that give borrowers and special servicers more latitude to make loan modifications to troubled loans as well as the launch of TRX, a total return swap ...

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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%