ABS Sector Close-Up

May 12, 2003, 12:00 a.m. EDT 1 Min Read

Year to date as of May 7

		Coupon Type		Market		Average Life Buckets

Asset Class	Volume Pub/144A	Fixed Rate	Floating Rate	Public	144A	0.0 to 0.9	1.0 to 2.9	3.0 to 5.9	6.0 to 7.9	8.0 to 11.0

Aircraft Leases	1,365	1,365			1,365	1,365
Asset-Back Certs
Auto Loans/Recs	21,108	15,594	5,513	20,317	791	4,503	12,523	4,024		35
Cash
Catastrophe Bond
Commercial Loans	682	188	495		682		638	45
Corp Bond/Note	1,999	1,071	895		1,999	1,411			56	532
Corporate Loans	4,742	183	4,535		4,742	3,544			450	749
Credit Card Rec	28,544	5,739	22,805	28,188	356	7,612	3,909	16,274	750
Debentures	1,291	1,291		1,291		1,291
Equip Loans
Equip. Leases	1,808	1,067	742	852	956	253	1,052	434	68
FHLMC	1,259	1,259		1,259		1,259
FNMA	3,480	1,480	1,999	3,480		2,113	1,002	221	144
Floorplan Recs	3,250		3,250	3,224	26		750	2,500
Franchisee Loans	228	228			228				109
Health Care Rec
Insurance Recs	1,141	250	891	519	622	1,141
Junk Bonds	2,293	233	2,060		2,293	734			490	1,069
Legal Fees
Loans	177		177		177	177
Mnfrd Housing Ct	260	140	121	260			51	146	3	45
Motorcycle Loans	550	550		550			550
Mutual Fund Fees	175	75	100		175	175
Non-Jumbo Mtg Ln	23,637	6,703	16,658	21,942	1,695	11,130	4,254	7,961	51	156
Non-Perf Loans
Oil Contracts
Preferred Sec	725	146	579		725	36			177	512
Prv Issued Sec	479	178	301	87	392	479
Rental Car Rec.	1,775	1,050	725		1,775	650		1,125
Retail Contracts
Rev Cred/Home Eq	73,558	31,803	41,550	66,539	7,020	32,821	22,064	16,981	1,324	224
Sm Business Loan	254		254		254			254
Stranded Costs
Struc Fin Credit	5,301	884	4,381		5,301	2,224		222	2,004	770
Student Loans	12,493	600	10,010	11,370	1,123	1,749	2,371	4,345	3,248	68
Swap Agreement
Tax Liens
Timeshare Loans	303	245	58		303		303
Tobacco Receives	154	154			154			154
Trade Recs
Truck Loans
Leases	450	450			450

Note: Figures are preliminary and subject to change. Data includes U.S. deals and dollar Euro 144As.Source: Thomson Financial

MORE FROM ASSET SECURITIZATION REPORT

Politics and policy

Fed: Inflation, policy uncertainty are top financial stability concerns

According to the Federal Reserve Board's latest financial stability report, persistent inflation and policy uncertainty are the primary worries for banks. Survey respondents expressed heightened anxiety over murky policy outlooks due to geopolitical turmoil and rapidly approaching domestic elections.

By Ebrima Santos Sanneh

11h ago
CMBS

BANK5 2024-5YR6 moves ahead with $984.3 million in CRE beneficial ownership certificates

With a high proportion of fixed-rate, interest-only underlying loans, the notes have almost no amortization, and three CRE loans have standalone, investment-grade opinions.

By Donna M. Mitchell

April 19
RMBS

Velocity Capital Commercial Loan prepares to float $295.1 million

The fixed-rate loans are divided into three sub-pools that relied on rating methods from the RMBS, CMBS and ABS sectors to assess their risks.

By Donna M. Mitchell

April 18
House Financial Services Leadership

House banking panel advances measures to nullify credit card, ESG rules

The House Financial Services Committee also sent to the full House two bipartisan bills, including one that would prevent large banks from opting out of having to recognize Accumulated Other Comprehensive Income in regulatory capital.

By Claire Williams

April 18
Esoteric ABS

Sunrun Neptune 2024-1 prepares to issue $230 million in residential solar ABS

The portfolio does not have any meaningful originations that have completed a full repayment cycle, making the company's performance data thin.

By Donna M. Mitchell

April 18
Home equity loans

Wold joins Hometap to lead U.S. structured products business

Formerly of Wells Fargo, she will coordinate several key units to create a structure for a sustained capital markets program that capitalizes on recent innovation and growth in home equity finance.

By Donna M. Mitchell

April 17