Last week, the asset securitization market closed out the third quarter with a thud. Similarly, it opened the final quarter of 2007 with a very dull roar. A mere $2.4 billion in issuance priced by press time, and although issuers were preparing a couple of transactions, they appeared to be holding back on floating much ABS debt for the foreseeable future.

Market sources say the tame MBS sector is responsible for the sluggish production.

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