Repossessions Drop Good Sign For U.K. RMBS, Says Moody’s

An unexpected 10% decline in repossessions in the second quarter combined with lower interest rates bodes well for the U.K. residential mortgage-backed securities market, according to Moody’s Investors Service.

  • 18 Aug 2009
An unexpected 10% decline in repossessions in the second quarter combined with lower interest rates bodes well for the U.K. residential mortgage-backed securities market, according to Moody’s Investors Service. The Council of Mortgage Lenders had correlated the low interest rates with the drop in repossessions, but Moody’s warned ...

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Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 13,295 25 18.56
2 Bank of America Merrill Lynch (BAML) 8,059 25 11.25
3 Lloyds Bank 6,979 21 9.74
4 Citi 6,256 16 8.73
5 JP Morgan 5,220 8 7.29

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1 Citi 104,581.71 299 10.92%
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3 JPMorgan 80,990.39 237 8.46%
4 Wells Fargo Securities 77,934.65 225 8.14%
5 Credit Suisse 63,570.21 165 6.64%