ABS Sector Close-Up

Published September 22, 2003, 12:00 a.m. EDT

1 Min Read

Year to date as of Sep 17

			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	2,392		1,365		1,027				2,392		1,365				457		361		208
Asset-Back Certs
Auto Loans/Recs	52,712		39,731		12,981		49,884		2,828		11,787		29,898		10,844		125		35
Cash	399		199		200				399		399
Catastrophe Bond
Commercial Loans	1,561		1,438		123				1,561		1,250		311
Corp Bond/Note	2,770		419		2,318				2,770		1,300				380		468		622
Corporate Loans	6,004		446		5,524				6,004		1,734		774		161		1,652		1,659
Credit Card Rec	48,472		12,543		35,929		47,620		851		10,576		5,408		28,837		1,500		2,150
Debentures	2,648		2,648				2,648				2,648
Equip Loans
Equip. Leases	5,563		3,593		1,970		3,866		1,697		1,291		3,530		668		75
FHLMC	2,231		2,231				2,231				2,231
FNMA	5,679		3,680		1,999		5,679				4,312		1,002		221		144
Floorplan Recs	3,462				3,462		3,436		26				750		2,712
Franchisee Loans	228		228						228								109
Health Care Rec
Insurance Recs	622				622		622								622
Junk Bonds	3,756		323		3,434				3,756		1,066						1,246		1,445
Legal Fees
Loans	3,175				3,175				3,175		3,175
Mnfrd Housing Ct	714		593		121		575		139				103		186		11		359
Motorcycle Loans	1,450		1,450				1,450						1,450
Mutual Fund Fees	342		116		226				342		342
Non-Jumbo Mtg Ln	49,530		16,868		31,645		43,608		5,922		18,305		12,347		17,279		1,173		275
Non-Perf Loans
Oil Contracts
Preferred Sec	1,222		231		966				1,222		108				108		177		828
Prv Issued Sec	1,653		988		540		87		1,566		1,653
Rental Car Rec.	2,275		1,050		1,225		500		1,775		650		230		1,395
Retail Contracts	750		750				750				197		404		149
Rev Cred/Home Eq	158,576		67,379		83,254		144,754		13,822		71,750		46,110		36,582		2,738		978
Sm Business Loan	845				845				845		391				454
Stranded Costs
Struc Fin Credit	18,258		3,270		14,951				18,258		8,236		747		2,346		3,967		2,880
Student Loans	25,434		600		21,449		23,698		1,736		4,281		4,902		8,244		6,019		1,277
Swap Agreement
Tax Liens	86		86						86				86
Timeshare Loans	303		245		58				303				303
Tobacco Receives	154		154						154						154
Trade Recs	225		105		120				225		225
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

For reprint and licensing requests for this article, click here.

TRENDING

Esoteric ABS

MTP's issues $386 million in cell tower ABS, its first public deal

Tower Point Capital, the deal's manager, is considered to have one of the largest privately held wireless infrastructure portfolios in the U.S.

By Donna M. Mitchell

April 24
Housing markets

Prepayments hit 4-year high after mortgage rates eased

Delinquencies also showed signs of overall improvement in March, despite an increase in foreclosure numbers, ICE Mortgage Technology said.

By Spencer Lee

April 24
Bonds

Global bonds set for worst week in a month as U.S.-Iran risks rise

The bond selloff reflects mounting concern that prolonged disruption to energy supplies will keep inflation elevated, hindering central banks from lowering rates.

April 24

Load More

MORE FROM ASSET SECURITIZATION REPORT

Esoteric ABS

MTP's issues $386 million in cell tower ABS, its first public deal

Tower Point Capital, the deal's manager, is considered to have one of the largest privately held wireless infrastructure portfolios in the U.S.

By Donna M. Mitchell
Editor

April 24
Housing markets

Prepayments hit 4-year high after mortgage rates eased

Delinquencies also showed signs of overall improvement in March, despite an increase in foreclosure numbers, ICE Mortgage Technology said.

By Spencer Lee
Technology Reporter

April 24
Federal Reserve

Banks question Basel omission of PMI in mortgage weights

A proposed update to Basel III capital rules from federal banking regulators does not specifically include mortgage insurance as a factor in determining the risk weight for a mortgage loan held on a bank's balance sheet. Industry experts say it should.

By Maria Volkova
Reporter

April 24
RMBS

Itasca Park sponsors $302.4 million in RMBS

Non-qualified loans are the majority of loans in the pool, 59.2%, while loans exempt from the Ability-to-Repay/Qualified Mortgage rule, represent 35.9%.

By Donna M. Mitchell
Editor

April 23
Mortgage rates

Mortgage rates at lowest in three spring purchase seasons

The 30-year fixed is still over 20 basis points higher than its February bottom, but fell 7 basis points this past week on Iran peace hopes, Freddie Mac said.

By Brad Finkelstein
Originations Editor

April 23
Securitization

KKR makes $1.5 billion equity investment in Vertical Bridge

February's securitization from Vertical Bridge was the sector's largest-ever deal and included the sector's first single-B rated tranche.

By Donna M. Mitchell
Editor

April 23

Load More