Paradise Island, BAHAMAS - The roster of departures from the home-equity and subprime sectors this past year has made the sector smaller, but has given the survivors more room to do business, and that might be a good thing, according to sources interviewed at the Fabozzi/Information Management Network Asset Securitization 2000 conference in the Bahamas last week.

"The years 1996 and 1997 were the inflating of the business, and now the air is out of the balloon," said Mark Adelson, managing director of residential mortgages/home-equity at Moody's Investors Service. "The players in the market are saying, Now we can do business without killing each other'."

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