The continued popularity of home equity loans pushed first-half volume of asset-backed securities over $100 billion for the first time.

Total issuance rose by 38.8%, to $102.2 billion, with $42.9 billion supplied by home equity securitizations and the balance largely made up of credit card, auto, and student loans, the Bond Market Association said.

Credit card volume, which was surpassed by home equity issuance for the first time last year, showed something of a rebound. Issuance climbed to $19.3 billion, or 31.7%, over last year's first half. Auto loan securitizations accounted for $17.5 billion of first-half issuance.

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