The UWs FOUGHT FOR THREE YEARS SO THEY COULD STAY IN CLASS 19 - IS THIS WHY SO YOU DECIDE
Also do not forget about the DST playing a huge role in potential future distributions
MORE THAN likely the UWs know MORE about returns here than ANYBODY...PERIOD
THIS IS THEIR EXPERTISE AND THE VERY WORK THEY PERFORM
The role of underwriters in structured finance is similar to
that in other methods of securities issuance. Asset-backed-
security underwriters fulfill traditional arranger roles of
representing the issuer (here, the SPV or trust). The primary
job of the underwriter is to analyze investor demand and design
the structure of the security tranches accordingly. Consistent
with traditional, negotiated cash-offer practices, underwriters
of asset-backed bonds would buy at a discount a specified
amount of the offer before reselling to investors. In addition to
marketing and selling these securities, underwriters provide
liquidity support in the secondary trading market. Because
asset-backed securities trade in over-the-counter markets, the
willingness of underwriters to participate as broker-dealers by
maintaining an inventory and making a market enhances the
issuance process.
Who better to know what's there? They have to be there or it's not a "true sale" plus they have to keep "skin-in-the-game" ( normally a small percent ) to keep it so.
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Market Data 
Markets 
