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MBS, ABS Evaporate in 1Q.
New York -- The volume of mortgage-backed security deals totaled $60.96 billion in the first quarter, down dramatically - nearly 78% - from $273.88 billion in the first quarter of 2007, according to Thomson Financial. Asset-backed securities were even farther down, more than 86%.
The figures are preliminary because the numbers are revised upward - often significantly - as additional deals are reported after the end of each quarter.
Bear Stearns & Co., whose near-bankruptcy recently rocked Wall Street, led the rankings of MBS ...
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