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ARTICLE · 08 MARCH 2021

Securitization Country Comparative Guide

A&O Shearman
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The securitization market is currently very active in the United States. According to data published by the Securities Industry and Financial Markets Association (SIFMA)...

United StatesFinance and Banking
Bjorn Bjerke
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1. How active is the securitisation market in your jurisdiction? What types of securitisations are typical?

The securitization market is currently very active in the United States. According to data published by the Securities Industry and Financial Markets Association (SIFMA), there were approximately U.S. $4,335 billion in principal amount of securities issued in securitization transactions during 2020 with more than ten trillion dollars outstanding. The vast majority of the new issuances during 2020 ($3,980.1 billion) were mortgagerelated securities issued by Freddie Mac, Fannie Mae and Ginnie Mae.

The remaining securitizations during 2020 were (i) nonagency mortgage-backed ($135.4 billion), (ii) auto ($109.7 billion), (iii) CDO/CLO ($33.6 billion), (iv) equipment ($18.0 billion), (v) credit cards ($2.9 billion), (vi) student loans ($17.8 billion) and (vii) other assets ($37.3 billion).

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