Consumer ABS

European banks and vehicle manufacturers are increasingly funding auto lending through the securitization market, according to Standard & Poor's report.

Sallie Mae is marketing its second private student loan-backed securitization of 2013 via the $851 million SLM Private Education Loan Trust 2013-B.

Nelnet plans to issue a $765 million Federal Family Education Loan Program (FFELP) loans-backed securitization that also includes 24.6% of rehabilitated loans.

GE Commercial Distribution Finance Corp. plans to issue $442 million of deal floorplan asset backed noted from its GE Dealer Floorplan Master Note Trust, Series 2013-1 structure.

The private student lending market may get a boost from the reset of the Stafford loan rate but that won’t necessarily lead to more securitization of these loans.

The Structured Finance Industry Group has 55 members and counting. The new trade organization’s website now has a link to all of those who have joined the group.

Credit Acceptance Corporation is coming down the pike with a $140 million securitization of subprime auto loans, according to a presale from Kroll Bond Ratings.

Ally Bank issued $585 million of floating rate asset backed notes from its dealer floorplan master owner trust.

Paul Jenison has joined Finacity Corporation as part of the firm’s effort to expand its business of securitizing and funding consumer receivables.