Downward Pressure On Alt-A RMBS Continues

Rampant negative home equity and rising unemployment have continued to exert downward pressure on U.S. Alt-A residential mortgage-backed securities, according to Fitch Ratings.

  • 06 Aug 2009
Rampant negative home equity and rising unemployment have continued to exert downward pressure on U.S. Alt-A residential mortgage-backed securities, according to Fitch Ratings. In announcing it has taken action on 767 of the Alt-A transactions, Fitch noted, among other things, that it estimates that only 2% of Alt-A ...

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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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Rank Lead Manager Amount $m No of issues Share %
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1 Citi 69,085.90 230 10.56%
2 JPMorgan 63,371.79 193 9.69%
3 Wells Fargo Securities 50,770.30 154 7.76%
4 Bank of America Merrill Lynch 50,061.19 163 7.66%
5 Credit Suisse 45,499.96 141 6.96%