ABS Sector Close-Up

Published May 03, 2004, 12:00 a.m. EDT

1 Min Read

Year to date as of Apr 28

		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
Auto Loans/Recs	20,399	17,508	2,891	16,786	3,613	9,051	8,174	3,174
Comm. Mtg	1,258	375	883		1,258			229	593	410
Commercial Loans
Corp Bond/Note	1,927	562	1,364		1,927	1,656		168		103
Corporate Loans	2,382	147	2,235		2,382	1,762			478	142
Credit Card Rec	15,400	7,798	7,602	14,126	1,274	12,552		1,800	200	849
Debentures	1,051	1,051		1,051		1,051
Equip Loans
Equip. Leases	2,290	2,290		2,290		1,664	626
Floorplan Recs	1,850		1,850	1,850		1,500	350
Franchisee Loans	194				194	194
Home Impr Loans
Installment Recs	1,797	1,797			1,797	1,797
Junk Bonds
Leveraged Loans	404	27	377		404					404
Mixed Collateral	1,381	7	1,374		1,381	1,000		306	22	53
Mnfrd Housing Ct	200	200		200		200
Motorcycle Loans	625	625		625			410	215
Mutual Fund Fees	331	331			331	331
Non-Jumbo Mtg Ln	38,103	16,956	21,037	37,159	944	24,893	6,119	6,998	50	43
Oil Receivables
Preferred Sec	2,070	1,019	1,052		2,070	1,726			158	186
Prv Issued Sec	858	682	175		858	858
Rental Car Rec.	1,900	1,300	600		1,900	1,300		600
Rev Cred/Home Eq	113,846	73,164	40,682	97,891	15,956	85,948	17,448	9,318	853	279
Sm Business Loan
Struc Fin Credit	9,757	4,742	5,015		9,757	2,936		1,111	4,683	1,002
Student Loans	12,924	378	11,666	10,107	2,817	7,500	1,711	1,603	842	1,268
Tax Liens
Ticket Rec
Timeshare Loans
Tobacco Receives
Trade Recs
Unspecified/NA

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

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