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 Bank of America Merrill Lynch (BAML) 1,284 2 30.09
2 Barclays 633 1 14.82
3 BNP Paribas 509 1 11.91
4 Citi 467 1 10.94
5 Morgan Stanley 455 1 10.66

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 9,235.10 31 12.19%
2 Barclays 7,853.42 22 10.36%
3 Bank of America Merrill Lynch 7,473.95 24 9.86%
4 JPMorgan 7,225.34 25 9.54%
5 Wells Fargo Securities 6,258.35 24 8.26%