A slew of multisector CDO repacks has hit the new issue market over the last two weeks. A closer look reveals the collateral has overwhelmingly been real estate-related, no surprise given the pace at which the home equity market has been churning.

Traditionally, multisector vehicles have a more diverse mix of real estate assets, including REIT and CMBS exposure, though the current pipeline is showing a heavy lean toward HEL, a source noted.

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