Activity in the whole loan market has picked up in recent months, and prices have been bid up to levels seen during the market heights of 1998. Driven by new innovations in ABS structuring by a few major players, the growth has led to a flood of new entrants that has some wondering if this once-lucrative business is worth fighting over.

Increased activity by the likes of Goldman Sachs & Co. and Morgan Stanley has priced out some of the longstanding players in this under-the-radar source of funding for issuers.

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.