HAMP Causing Secondary-Market Headache

Failure of the government’s Home Affordable Modification Program to address issues related to forborne principal and how to handle modifications as they relate to delinquency triggers among securitizations has created problems for the secondary market, according to Amherst Securities Group.

  • 20 Aug 2009
Failure of the government’s Home Affordable Modification Program to address issues related to forborne principal and how to handle modifications as they relate to delinquency triggers among securitizations has created problems for the secondary market, according to Amherst Securities Group. Among other things, HAMP left unsettled the question ...

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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 15,256 32 16.83
2 Bank of America Merrill Lynch (BAML) 10,179 30 11.23
3 Citi 9,751 23 10.76
4 Lloyds Bank 7,329 24 8.09
5 JP Morgan 6,580 10 7.26

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 RBC Capital Markets 251.51 1 25.00%
1 MUFG 251.51 1 25.00%
1 Credit Agricole CIB 251.51 1 25.00%
1 Bank of America Merrill Lynch 251.51 1 25.00%
Subtotal 1,006.02 1 100.00%