Consumer ABS

Bank of America is preparing to jump into the consumer ABS issuance frenzy with a new deal from its rarely used Bank of America Auto Trust.

The Structured Finance Industry Group has hired Falcon Capital Advisors as well as a consultancy run by Kristi Leo to help it attract new members and pursue its legislative agenda.

The Massachusetts Education Financing Authority (MEFA, or the authority) is offering $304.72 million of its Education Loan Revenue Issue K bonds. The fixed-rate Series 2013 is the first issuance under the Issue K indenture, a master trust.

California Republic Bank staged a return to the securitization market with its $238 million California Republic Auto Receivables Trust 2013-1.

Sallie Mae plans to issue SLM Private Education Loan Trust 2013-3, its third student loan-backed securitization of the year, totaling $1.246 billion.

Ford Motor Credit Co. plans to issue $1.38 billion of notes over two series issued from its floorplan master owner trust, according to Fitch Ratings.

GE Money Bank Switzerland is planning a CHF200 million ($213M) issue backed by Swiss auto lease receivables, the second Swiss Auto ABS of 2013.

.Three subprime auto loan backed deals from General Motors, DriveTime Automotive and First Investors join the pipeline this week

Springleaf Financial is looking to top up its debut consumer loans asset-backed securitization issued in February with a $400 million deal.

Consumer Portfolio Services is working on its second subprime auto securitization of the year; 31% of the $185 million transaction will be pre-funded.