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 Citi 3,237 10 19.12
2 Goldman Sachs 2,096 5 12.39
3 Morgan Stanley 1,965 5 11.61
4 BNP Paribas 1,686 6 9.96
5 Barclays 1,565 4 9.25

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 30,859.27 98 11.48%
2 JPMorgan 25,558.51 72 9.51%
3 Wells Fargo Securities 24,627.51 67 9.16%
4 Bank of America Merrill Lynch 23,023.30 73 8.56%
5 Barclays 16,546.45 55 6.16%