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Home » Store » Issuance » ABS Stalled by Weak Economy, No Progress Yet On Non-Agency MBS as 2011 Stumbles to a Close

ABS Stalled by Weak Economy, No Progress Yet On Non-Agency MBS as 2011 Stumbles to a Close

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Not much has changed since the 2010 edition of the ABS East Conference, and the outlook for 2012 is hardly encouraging, but conference sponsor Information Management Network drew about 30 percent more participants to its annual industry gathering in Miami Beach this week. As one attendee put it, everybody at the conference was down on the market, yet nobody is buying and nobody is selling. Regulatory uncertainty continues to stymie securitization activity. The federal government still dominates the U.S. mortgage market, with little change in sight. Tepid economic growth is generating lackluster demand for...
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