Consumer ABS

Fifth Third priced $500 million of notes backed by auto loans; a $155 million, triple-A class with a WAL of 1.15 years priced at nine basis points over the Eurodollar synthetic forward rate;

General Electric Capital Corp. priced $900 million of notes backed by credit card notes backed by credit card receivables on Tuesday afternoon, according to a U.S. Securities and Exchange Commission filing.

Fifth Third Bank is in the market with $500 million of notes backed by prime retail auto loans, according to rating agency presale reports; it is the lender's first securitization since 2008.

The private student loan default rate remains higher than pre-recession levels despite decreasing year over year in 2013, according to Moody’s Investors Service.

Greater use of credit bureaus by Russian originators is a credit positive for securitizations in that country.

The catalysts were changes in the models used by Fitch, adverse selection in older mortgage pools, and the sovereign crisis in Europe.

General Electric Capital Corp. is planning to issue $757 million of notes backed by credit card receivables, according to a presale report published today by Fitch Ratings.

American Express priced the senior tranche of its latest credit card notes at Libor plus 28 basis points, according to a regulatory filing.

The Alaska Student Loan Corporation is planning a securitization of Federal Family Education Loan Program Loans, according to a presale published today by Fitch Ratings