Pricing guidance on auto and credit card transactions became more snug last week, as a pronounced liquidity dearth all but forced the RMBS-driven securitization market into a hiatus.

For the past couples of weeks, all three rating agencies have been making a series of refinements to their methodologies for various sub-sectors of residential mortgage-backed securities, contributing to the sluggish number of offerings from that sector during the same period, as one trader put it.

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.