Vehicle Finance, Credit Cards Help Lift ABS Issuance in 3Q13, Ford on Top
October 18, 2013
A rebound in asset securitizations backed by car loans, dealer financing and credit cards fueled a solid 9.9 percent increase in non-mortgage ABS issuance during the third quarter of 2013, according to a new analysis and ranking by Inside MBS & ABS. A total of $42.00 billion of non-mortgage ABS were issued during the third quarter, reversing a sharp decline in new issuance during the previous three-month period. It lifted total production for the first nine months of 2013 to $127.34 billion, a 14.7 percent increase over the same period last year. The biggest component in the market has been...[Includes two data charts]