ABS Sector Close-Up

Published June 07, 2004, 12:00 a.m. EDT

1 Min Read

Year to date as of Jun 2

		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	27,954	24,336	3,618	23,997	3,957	10,187	13,121	4,645
Comm. Mtg	1,258	375	883		1,258			229	593	410
Commercial Loans
Corp Bond/Note	3,116	966	2,150		3,116	1,839		746	45	485
Corporate Loans	2,871	165	2,706		2,871	1,969			478	424
Credit Card Rec	21,610	10,099	11,511	19,166	2,444	15,224	650	3,787	700	1,249
Debentures	1,296	1,296		1,296		1,296
Equip Loans
Equip. Leases	3,188	2,938	250	2,938	250	1,847	1,091	250
Floorplan Recs	4,186		4,186	4,062	124	3,836	350
Franchisee Loans	194				194	194
Home Impr Loans
Installment Recs	1,797	1,797			1,797	1,797
Junk Bonds
Leveraged Loans	1,174	64	1,110		1,174	38		10	284	842
Mixed Collateral	1,381	7	1,374		1,381	1,000		306	22	53
Mnfrd Housing Ct	200	200		200		200
Motorcycle Loans	2,740	2,740		2,740		313	1,923	504
Mutual Fund Fees	331	331			331	331
Non-Jumbo Mtg Ln	44,970	20,340	23,671	44,033	938	28,856	7,749	8,148	110	94
Oil Receivables
Preferred Sec	2,382	1,053	1,330		2,382	2,038			158	186
Prv Issued Sec	484	159	325		484	484
Rental Car Rec.	2,400	1,300	1,100		2,400	1,300		1,100
Rev Cred/Home Eq	143,485	81,256	61,360	123,145	20,340	91,369	35,708	14,605	1,243	488
Sm Business Loan	200		200		200			200
Struc Fin Credit	10,905	4,799	6,106		10,905	3,198		1,496	4,730	1,392
Student Loans	21,983	378	20,119	17,605	4,378	11,076	2,955	3,066	3,077	1,808
Tax Liens
Ticket Rec
Timeshare Loans	621	386	236		621		471	150
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