Non-Mortgage ABS Issuance Slumped in 3Q08, But It’s a Picnic Compared to MBS Sector
November 7, 2008
Upheaval in world financial markets led to a sharp 34 percent decline in new issuance of non-mortgage ABS during the third quarter – but the ABS market continues to fare much better than the comatose non-agency MBS business. A total of $48.56 billion of non-mortgage ABS were issued during the third quarter, with all three major consumer finance sectors seeing... [Includes three charts]