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The industry is taking lessons from instant point-of-sale lenders to help homeowners embarking on major projects.

Only credit card ABS saw a major increase, while other major asset classes dipped. Production in private student loan ABS dipped about 67.9%.

The 30-year fixed rate surged 15 basis points from a week earlier but ends 2022 at more than twice its mark from a year ago.

Underwriting league tables of asset-backed securities through December 29, 2022

Issuance volume of asset-backed securities for the year through December 29, 2022

Data allayed fears of a supercharged jobs market that would support the case for a more aggressive policy path. Treasury yields ticked lower and a gauge of the dollar declined.

Sales of high-end homes fell 38.1% year-over-year, per a Redfin report.

The overall share of distressed mortgages fell in every state, but the effects of Hurricane Ian led to a small uptick in early-stage late payments compared to one year ago, CoreLogic said.

A portfolio of 669 newly originated, seasoned and performing line of credit loans will secure the transaction's mortgage-backed notes.

The strains are largely linked to aggressive rate increases by the Federal Reserve and central banks around the world, which have dramatically changed the landscape for lending.