BOCA RATON, FLA. -The opening panel discussion moderated by Moody's Investors Service Team Managing Director Gus Harris was an oftentimes rambling, though thoroughly substantive, Star Wars-themed discussion on the current state of the ABS market at Information Management Network's ABS East Conference last week. Although neither the Jedi Master (Harris), nor the Jedi Counsel of panelists could fix the audio problems or alter the time/space continuum in order to finish in the allotted time frame, a lively discussion was had, focusing primarily on one topic: what could potentially end the unprecedented prosperity that has valuations at all-time highs, despite supply being up 35% year-to-date.

With the increased supply being driven by the mortgage sector, the discussion quickly focused on the potential for a housing market collapse. And many experts remain divided on whether we have experienced a paradigm shift in mortgage lending, or whether the ABS market is being set up for disaster.

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