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 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 %
  • Last updated
  • Today
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%