Asset-backed commercial paper conduits have proven to be an attractive alternative for home loan financing, showing significant growth over the past two years as a reliable source of lenders’ structural financing needs, according to Standard & Poor’s. The number and size of single-seller mortgage conduits have grown dramatically over 2003-2004, with a number of new proposals that are currently in-house and expected to close this year, analysts from S&P’s mortgage and ABCP groups said…