Last week's asset-backed securities market opened slow in the shadow of Green Tree Financial Corp.'s record $2 billion manufactured housing-backed securitization and interest-rate worries, but managed to pick up as the pre-holiday week wore on, with the manufactured housing and home-equity sectors stealing much of the spotlight.

However, the volume did come at a price, as several issuers saw their deals hit the tape at prices wider than initially expected.

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