The asset-backed market priced just over $9.37 billion last week in home equity laden primary activity. The Street is currently prepping for a busy final month of the quarter. Home-equity supply totaled $6.4 billion, with three offerings in the $1 billion size range. Other sectors of the market, however, were relatively quiet, with sporadic pricings.
As quarter-end months have historically seen a rush of issuance from the home equity sector, negative comments made by Alan Greenspan had little impact on mortgage-related supply, as loans made throughout last year will eventually hit the ABS market.