Volume 2014 - Number 15
April 18, 2014
Subprime Auto ABS Fully Recovered, Rising Issuance From More Players is Expected to Improve Liquidity
Major market indicators suggest the subprime auto ABS sector has finally returned to normal after the financial crisis, and prospects are good for a healthy market in 2014, according to research professionals at Wells Fargo Securities. “Subprime auto ABS has fully recovered from the recession, in our view,” John McElravey, head of consumer ABS research for the firm, and Bee Sim Koh, an associate in the unit, said in a recent market update. For example, new-issue volume in the sector rose...
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This weekly covers the secondary mortgage market, including mortgage-backed securities and asset-backed securities.
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