Home equity loan ABS, as usual, dominated new issuance volume last week, similar to the way that the mortgage market dominated news and investor concerns.

A couple of deals from the HE ABS sector cleared by press time late Thursday, the $618 million GSAMP Trust deal, lead by Lehman Brothers, and the $332 million transaction from Residential Asset Mortgage Products, on which Banc of America Securities acted as lead manager. At least another $5.1 billion was being marketed from the sector last week, and judging by the comments the professionals, the next several trading sessions promises to be hard going.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.