Consumer ABS

Interest rates on Federal Direct Subsidized Loans today doubled to 6.8% from 3.4%; but the higher rates won’t have too much of an impact on securitization deals backed by these loans.

Improving liquidity in the broader financial markets failed to stem the widening in spreads on asset-backed securities last week, according to J.P. Morgan.

Credit Suisse plans to securitize the residual interest on a legacy private student loan ABS in its latest deal called Credit Suisse ABS Repackaging Trust 2013-A (2013-A).

Roughly in step with other markets, structured finance pricing and issuance in June was governed by questions of how quickly the Federal Reserve would rein in its asset-buying spree.

The Structured Finance Industry Group (SFIG) has hired Falcon Capital Advisors and Boulder Advisors to help it attract new members and pursue its legislative agenda.

Could higher yields end up deepening the investor base for asset-backeds?

Roughly in step with other markets, structured finance pricing and issuance in June was governed by questions of how quickly the Federal Reserve would rein in its asset-buying spree.

U.S. prime auto ABS, backed by both leases and loans, have experienced robust performance; but the subprime sector has not shared the same fate.

More volatile market conditions may keep most credit card securitization issuers out of the market but maturing 2008 vintage bonds could refinance once the market improves.

Sen. Elizabeth Warren raised concerns about an $8.5 billion line of credi that the Federal Home Loan Bank of Des Moines has provided Sallie Mae