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» MBS, ABS Markets Begin Cooling Off in Third Quarter As Historic Refinance Boom Decelerates
MBS, ABS Markets Begin Cooling Off in Third Quarter As Historic Refinance Boom Decelerates
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The third quarter of 2003 may hold up for some time as the biggest ever three-month production boom in new MBS and ABS issuance, but a slowdown in the market was already becoming apparent as the summer wore on.