For several weeks now, the asset securitization market has been able to sustain moderate production volumes in the face of the usual summer slowdown. Last week, however, the market showed significant signs of losing steam.

By press time, very few market professionals expected to see more than $10 billion in total issuance hit the market for the week. By Tuesday, slightly more than $7 billion was being marketed, and the home equity loan sector dominated activity, as usual, the credit card and auto sectors continued to make their presence known.

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