In a Herculean effort, the U.S. ABS primary market generated $27 billion in new issues last week, as issuers likely rushed to get deals done before the Thanksgiving-shortened week.
Ameriquest Mortgage priced a $2 billion home equity securitization led by Barclays Capital and JPMorgan Securities. The one-year tranche of the deal priced at eight basis points over one-month Libor. Lehman Brothers priced a whopping $1.7 billion in home equity collateral out of its SAIL trust. The one-year tranche priced at nine basis points over one-month Libor and the three-year tranche priced at 22 basis points over one-month Libor.