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Home » Store » News » ABS Issuance Declined in 4Q13, But Strong Volume in Credit Cards, Vehicle Loans Lifted 2013 to 6-Year High

ABS Issuance Declined in 4Q13, But Strong Volume in Credit Cards, Vehicle Loans Lifted 2013 to 6-Year High

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Wall Street generated $165.66 billion of new non-mortgage ABS during 2013, a sturdy 12.7 percent increase over the previous year and the best annual production volume since 2008, according to a new analysis and ranking by Inside MBS & ABS. ABS issuance fell off in the fourth quarter of 2013, dropping 10.4 percent from the third quarter, as all the major asset classes saw slowing volume. The $37.82 billion of new ABS generated in the final three months of 2013 was slightly below the second quarter, but it was above the level set in the third and fourth quarters of 2012. Vehicle-finance ABS turned in...[Includes two data charts]
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