The biggest category of asset-backed securities is the home equity loan, followed by automobile receivables and credit card receivables.

Question

Quizplus · Accepted Answer

According to data from the Securities Industry and Financial Markets Association (SIFMA), as of Q2 2021, the largest category of asset-backed securities is home equity loans, followed by auto loans and leases, and then credit card receivables. Therefore, the statement in the question is true.

The Biggest Category of Asset-Backed Securities Is the Home Equity