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New York-The volume of mortgage-backed security transactions totaled $70.77 billion in the second quarter, down nearly 80% from $348.17 billion in the second quarter of 2007, according to Thomson Reuters.
The figures are preliminary because the numbers are revised upward - often significantly - as additional deals are reported after the end of each quarter.
Banc of America Securities LLC topped the rankings of MBS underwriters in the second quarter with a 17.5% market share, compared with 8% in the second quarter of 2007.
Deals managed by BoA Securities totaled $12.42 billion, down from the $27.99 billion recorded a year earlier, according to the data.
Credit Suisse finished second in the Thomson Reuters rankings with a 13.7% market share, up from 7.2% a year earlier, while its volume totaled $9.67 billion, down from $25.15 billion.
Barclays Capital ranked third, with a market share of 12.9%, up from 3.5% in the second quarter of 2007, and its volume totaled $9.14 billion, down from $12.15 billion a year earlier.
Rounding out the top 10 for the quarter were Lehman Brothers, with a 10.8% market share; Merrill ...
Source: HighBeam Research, MBS Transactions Nearly 80% Down.