Accounting Change Should Ease GSE Loan Modifications

An accounting change due to go into effect Jan. 1 should make it easier for Fannie Mae and Freddie Mac to modify home mortgages.

  • 19 Jun 2009
An accounting change due to go into effect Jan. 1 should make it easier for Fannie Mae and Freddie Mac to modify home mortgages. According to James Lockhart, director of the Federal Housing Finance Agency, which oversees the GSEs, the new Financial Accounting Standards Board rule adds some ...

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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 80,818.31 235 11.64%
2 Bank of America Merrill Lynch 65,088.22 185 9.37%
3 Wells Fargo Securities 56,145.09 163 8.08%
4 JPMorgan 53,381.65 156 7.69%
5 Credit Suisse 44,872.46 115 6.46%