At press time, the home-equity sector was showing $1.4 billion in issuance for the week, perhaps on its way to the prophesized correction - the belief being that issuers who would normally have come to market in the first quarter held back their deals.

Among the said no-shows, Advanta Financial Corp. jumped the box with a $400 million HELOC - very well received, traders said.

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.