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 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

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 104,427.74 298 10.96%
2 Bank of America Merrill Lynch 86,347.40 249 9.06%
3 JPMorgan 80,990.39 237 8.50%
4 Wells Fargo Securities 77,934.65 225 8.18%
5 Credit Suisse 63,570.21 165 6.67%