Securitization Markets Near Pre-Crisis Levels, Sans MBS, as Underwriting Continues to Loosen
May 25, 2012
Most of the non-mortgage securitization market seems to be approaching the more normal levels that were seen prior to the financial crisis, according to market participants, analysts and observers gathered for the annual meeting of the American Securitization Forum this week in Washington, DC. Weve come a pretty long way, if you think about 2008, pre-2008 and post-crisis, said Bob Behal, principal with The Vanguard Group. He noted that there have been healthy pricing levels in auto loan and credit card ABS and more active student loan and container sectors, as well as some interesting niche products and...