No surprise here: ABS East Conference delegates are concerned that the weakness in the subprime mortgage market is expanding to affect the overall market for securitized assets, according to an Information Management Network survey.

Ninety-eight percent of respondents, which included issuers, service providers, and investors in the securitized bond market, said they saw weakness of subprime debt spreading to higher rated mortgage backed bonds, up from 85% reported in a similar survey in March 2007.

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