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‘Cram-Down’ Law Threatened To Boost Modifications

Rep. Barney Frank (D-Mass.) has threatened to revive proposed legislation to allow bankruptcy judge to perform loan modifications, if mortgage services don’t substantially increase their activity in that area.

  • 05 Aug 2009
Rep. Barney Frank (D-Mass.) has threatened to revive proposed legislation to allow bankruptcy judge to perform loan modifications, if mortgage services don’t substantially increase their activity in that area. Frank made his statement regarding the so-called “cram-down” law after Treasury reported last week that only 9% of eligible ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
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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 %
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For detailed analysis: Dealogic
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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%