ABS Market Started 2013 on Strong Footing Despite Ongoing Sluggishness in Credit Card Securitizations
April 12, 2013
A total of $47.13 billion of new non-mortgage ABS were issued during the first quarter of 2013, a solid 31.2 percent gain from the end of last year, according to a new Inside MBS & ABS analysis and ranking of issuers and underwriters. The fast start for 2013 ABS issuance was up 15.1 percent from the first three months of last year, although it came up short of three of the strongest quarters since the financial market meltdown in late 2008, including the second quarter of 2012. If new issuance can maintain its current pace for the rest of the year, 2013 could see the strongest ABS production volume since before the crash. The driver so far has been...[Includes two data charts]