Volume 2014 - Number 8
February 28, 2014
Auto, Credit Card ABS Performance Keeps Improving Despite Lingering Crisis Fallout
Consumer credit sectors such as auto and credit card ABS continue to enjoy improving fortunes, notwithstanding some bumps and bruises that remain in the recovery from the financial crisis that lead to the Great Recession. During the fourth quarter of 2013, the U.S. credit card ABS sector turned in its fifth consecutive improving performance across all major benchmarks to close out the year on a positive note, according to the latest quarterly index from Fitch Ratings. Both charge-offs and delinquencies improved...
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This weekly covers the secondary mortgage market, including mortgage-backed securities and asset-backed securities.
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