BOCA RATON, FLA - With a record 2,600 delegates in attendance, Information Management Network hosted its tenth annual ABS East conference last week. While the rest of the country was gripped by the run-up to the election, securitization players descended on balmy Boca Raton to focus on issues particular to them. High on the agenda were persistently compressed spreads, the boom in alternative mortgage products in a rising interest rate environment, and tighter scrutiny from regulators.
Many on the opening panel admitted being surprised at how tight spreads have remained throughout the year, as fresh supply continues setting records. A number of panelists cited the housing market as a potential trigger for future spread widening.