Consumer ABS

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.

JP Morgan Chase priced its upsized $625 million credit card ABS transaction on Friday.

Honda Motors is in the market with its second auto loan securitization of the year, according to a presale report published today by Fitch Ratings.

Mercedes-Benz Financial Services USA plans to issue $1.26 billion of auto lease-backed notes, according to a Fitch Ratings presale report.

Harley-Davidson plans to issue a $650 million securitization backed by motorcycle loans, according to a deal prospectus filed with the US Securities and Exchange Commission.

JP Morgan Chase plans to launch a $500 million credit card ABS transaction.

Sallie Mae plans to issue its first residual student loan ABS deal in over a decade, according to Fitch Ratings.

Auto ABS remains adequately protected from a potential rise in losses, according to Deutsche Bank.