Consumer ABS

A number of community banks are discovering that bulking up on student loans is easier said than done.

Santander Consumer USA plans to bring to market $846 million of asset-backed securities backed by a pool of fixed-rate new and used automobile, light-truck and utility vehicle loans.

Deals issued pre-crisis are past their most perilous years but structural flaws could still prove hazardous for investors.

Until recently private student loans were the laggards in the recovery of the U.S. securitization market, but demand is picking up.

Private student loan backed securities issued pre-crisis are past their most perilous years but structural flaws could still prove hazardous for investors.

Until recently private student loans were the laggards in the recovery of the U.S. securitization market, but demand is picking up.

Citibank priced its $1.75 billion credit card securitization, Citibank Credit Card Issuance Trust, Class 2013-A1, the second credit card deal to price this week.

The Higher Education Loan Authority of the State of Missouri plans to issue a $970.8 million Federal Family Education Loan Program (FFELP) –backed student loan securitization deal.

Dealer floorplan ABS continues to gain traction as issuance volumes are boosted by rising vehicle sales and the refinancing of maturing transactions.

Standard & Poor’s said that, so far, credit card ABS have surpassed the $8 billion pace set in 2012 but consumer aversion to credit card debt is likely to keep issuance volumes below its forecasted $40 billion total for 2013.