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Bank Profiles - Wells Fargo Securities - Securitization News

Bank Profiles - Wells Fargo Securities - Securitization News



  • Ocwen is an ‘above average’ servicer, says Fannie Mae

    New York regulator Ben Lawsky’s latest target, non-bank loan servicer Ocwen Loan Servicing, received a mark of good standing from Fannie Mae last week after three months of regulatory headwinds. The company’s rapid growth came under the spotlight in January when Lawsky’s office held up its acquisition of $2.7bn in mortgage servicing rights from Wells Fargo, a deal still being held in limbo.

    • 31 Mar 2014

  • US non-bank investors increase CLO buying

    The CLO market proved its resilience to regulatory challenges this week by churning out at least three new deals, with more in the pipeline. But significant challenges are lurking beneath the positive sentiment — the SEC has launched a probe into the product, and some smaller bank investors are nervously eyeing their CLO holdings because of uncertainty around the Volcker Rule.

    • 27 Mar 2014

  • Credit card deals lead in US pipeline, as ABS cools from $6bn week

    Two credit card issuances from JP Morgan’s CHAIT shelf were upsized to strong demand, bringing card volume ahead of last year’s pace, as investors look for relative value and performance continues to improve.

    • 27 Mar 2014

  • US: CLOs resist Volcker and SEC headwinds, but some banks selling

    The CLO market is proving its resilience to regulatory challenges this week, with new deals bringing total issuance so far this year to over $20bn. But significant challenges are lurking beneath the positive sentiment — the SEC has launched a probe into the product, and some bank investors are selling their CLO holdings because of uncertainty around the Volcker rule.

    • 25 Mar 2014

  • US bank withdrawal broadens scope for CLO structures

    The US CLO market continued its recent run of good form this week, despite continued uncertainty over whether bank investors will be given relief from the Volcker rule. The exit of some of those buyers could inspire structures that cater to non-bank investors, said market participants.

    • 20 Mar 2014

  • US bank withdrawal broadens scope for CLO structures

    The US CLO market continued its recent run of good form this week, despite continued uncertainty over whether bank investors will be given relief from the Volcker rule. The exit of some of those buyers could inspire structures that cater to non-bank investors, say market participants.

    • 20 Mar 2014

  • Cabela’s sells its first deal in 2014 amid healthy card performance

    Credit card securitization performance is showing healthy signs of improvement and a slowly increasing pace of issuance, with card deals such as Cabela’s latest $255m deal continuing to provide fixed-income investors a consistent and safe buy for their books, according to credit analysts’ assessments.

    • 19 Mar 2014

  • Strong real money demand expected for Freddie’s $1.15bn list

    Slow trading levels in the secondary market may get a boost this week from Freddie Mac’s $1.15bn bid list for legacy residential mortgage paper, the agency’s latest asset transfer to the private market. The deal is expected to gain traction among real money investors, who have been quiet in recent weeks.

    • 12 Mar 2014

Bond Comments

All International Bonds

Rank Lead Manager Amount $bn No of issues Share %
View full table
For detailed analysis: Dealogic
  • Last updated
  • Today
1 JPMorgan 28.16 118 8.09%
2 Citi 27.35 87 7.86%
3 BofA Securities 20.32 74 5.84%
4 BNP Paribas 19.76 67 5.68%
5 HSBC 19.56 72 5.62%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $bn No of issues Share %
View full table
For detailed analysis: Dealogic
  • Last updated
  • Today
1 BNP Paribas 60.87 123 14.06%
2 Credit Agricole CIB 28.59 93 6.60%
3 Santander 25.41 90 5.87%
4 JPMorgan 23.88 61 5.52%
5 UniCredit 21.51 103 4.97%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $bn No of issues Share %
View full table
For detailed analysis: Dealogic
  • Last updated
  • Today
1 Morgan Stanley 0.94 4 13.47%
2 Goldman Sachs 0.78 5 11.09%
3 Credit Suisse 0.67 3 9.64%
4 HSBC 0.61 3 8.77%
5 BofA Securities 0.61 2 8.70%