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 10,542 20 17.55
2 Bank of America Merrill Lynch (BAML) 6,103 21 10.16
3 Citi 5,130 13 8.54
4 JP Morgan 4,681 6 7.79
5 Morgan Stanley 4,137 11 6.89

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 81,261.11 236 11.54%
2 Bank of America Merrill Lynch 66,433.81 187 9.43%
3 Wells Fargo Securities 57,637.40 170 8.18%
4 JPMorgan 53,570.42 158 7.61%
5 Credit Suisse 45,349.30 117 6.44%