Identify a major reason behind the increase in domestic underwriting activity during the 1990s.

Question

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The growth in the asset-backed securities market was a major reason behind the increase in domestic underwriting activity during the 1990s. This market allowed for the creation of securities backed by assets such as loans, mortgages, and credit card receivables, which were then sold to investors. This increased the volume of business for underwriters who facilitated the creation and sale of these securities.

Identify a Major Reason Behind the Increase in Domestic Underwriting