Orlando, Fla - Practices for assembling and implementing quality control on home equity loan pools are shifting dramatically on Wall Street, putting more onus on investors - and dealers sometimes - to do more due diligence on the ABS pools that they are interested in buying.

Differences in ABS pool characteristics, such as liquidity, often vary between dealers, shelves and even series from the same shelf, said dealers and investors who spoke at a late-morning session at the Information Management Network's ABS East conference last week. Yet, the speakers stopped short of calling for formal controls on pool quality.

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