Consumer ABS

With only $16 billion in issuance in January, the market for new securitizations fell by $2 billion from December and is less than half of the new structured finance supply from January 2015.

The New Hampshire Higher Education Loan Corp. is readying $141.3 million of securities backed by a pool of older private student loans that have experienced high default rates, according to Moody’s Investors Service.

MotoVoto Finance, one of the U.K.’s largest players in used car financing, is preparing to market its sixth securitization of an undetermined volume of its fixed-rate consumer auto leases.

OneMain Financial is preparing to package $555.6 million of subprime consumer loan receivables in its first asset-backed securitization since its acquisition by Springleaf Financial from Citigroup was completed in November.

Exeter Finance Corp. has upped credit enhancement for its latest subprime auto loan securitization to compensate for an increase in losses on recently originated loans.

Nissan Motor Acceptance Corp. is out of the starting blocks in 2016 with a $1 billion auto loan securitization in its first pool of loans of the year.

Another online lender specializing in student loan refinancing, Earnest, is tapping the securitization market for $112 million.

The way the Consumer Financial Protection Bureau is regulating the auto finance industry's relationships with dealers is simply wrong — both legally and ethically. It's also directly counterproductive to its goal of protecting consumers.

CIG Financial is marketing its first ever public term auto loan securitization, according to DBRS.