With NIMs Set to Cool, Issuance Could Get Harder for Some Subprime Securities Issuers
April 5, 2002
Rising interest rates are expected to put the brakes on the growth of net interest margin securitizations this year. If that happens, some large issuers could find it harder to get deals done. NIMs have become increasingly popular, particularly for subprime lenders, as companies have looked for ways to generate cash while moving residuals off their balance sheet. With interest rates