Making a big contribution to the epic volume of ABS issued last year, mortgage giant Countrywide Securities came just shy of the $100 billion mark, beating out competitors with $93.5 billion in ABS issuance and an 8.2% market share. The Calabasas, Calif.-based issuer brought 127 deals to the market last year, from the 101 issues in 2004, when the company earned the number one spot and 10.2% share of the market through $88.9 billion worth of issuance.

The U.S. asset-backed securities market hit a record $1.1 trillion of issuance in 2005, a 26% gain from the $873 billion issued in 2004 and the first time the annual ABS market has ever hit the trillion-dollar level, according to data maintained by Thomson Financial. (see cover article).

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