Falling New Arrears Hopeful Sign For RMBS

The number of new arrears reported within residential loans backing the Granite Master Trust from Northern Rock has declined dramatically, signalling some relief ahead for the wider market.

  • 12 Aug 2009

-- Daniel O’Leary

The number of new arrears reported within residential loans backing the Granite Master Trust from NorthernRock has declined dramatically, signalling some relief ahead for the wider market. Phil Adams, residential mortgage-backed securities researcher at the Royal Bank of Scotland, said the number of new arrears ...

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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 14,443 29 18.07
2 Bank of America Merrill Lynch (BAML) 8,264 27 10.34
3 Lloyds Bank 7,329 24 9.17
4 Citi 6,748 19 8.44
5 JP Morgan 5,220 8 6.53

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 117,520.50 339 11.05%
2 Bank of America Merrill Lynch 94,721.79 272 8.91%
3 JPMorgan 92,612.23 269 8.71%
4 Wells Fargo Securities 82,597.19 239 7.77%
5 Credit Suisse 69,442.99 183 6.53%