Auto Loan Delinquencies Increase

  • 07 Dec 2007
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The percentage of top-rated borrowers who took out loans in 2006 and who were delinquent on their auto loans by at least 30 days jumped to 4.5% at the end of September, from 2.9% the previous month, according to a Lehman Brothers survey, reports The Wall Street Journal. In addition, 12% of subprime borrowers were delinquent on their 2006 auto loans as of September, compared with 11.1% during the previous month. The 12% mark represents the highest level since 2002. “The numbers will get worse for auto loans,” says Dan Castro of GSC Group, a New York firm that runs debt-related investment funds. “We're starting to see signs of rising losses, and delinquencies are creeping up.”

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  • 07 Dec 2007

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 14,443 29 18.07
2 Bank of America Merrill Lynch (BAML) 8,264 27 10.34
3 Lloyds Bank 7,329 24 9.17
4 Citi 6,748 19 8.44
5 JP Morgan 5,220 8 6.53

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 117,261.12 337 11.09%
2 Bank of America Merrill Lynch 94,721.79 272 8.96%
3 JPMorgan 92,612.23 269 8.76%
4 Wells Fargo Securities 82,597.19 239 7.81%
5 Credit Suisse 69,442.99 183 6.57%