Consumer ABS

Analysts at Bank of America Merrill Lynch have a beef with new rules from the Basel Committee on Banking Supervision (BCBS) that spell out how much regulatory capital needs to be set aside for securitizations.

As many as 20 board members have resigned from the American Securitization Forum in a dispute over control of the trade group.

The market for private credit student loans ABS opened up last week with a Sallie Mae deal that offered access to the first subordinate class of these bonds, since 2007.

Ratings agencies are being extra careful to flat the potential risks in a variety of assets classes well ahead of time.

Strong payment structures and high credit enhancement levels will mitigate the impact of less conservative underwriting on subprime auto loan securitizations.

How long until looser underwriting affects the performance of auto securitizations?

Cabela’s Inc. upsized its triple-A note offering to $327.3 million from $255 million and priced the notes on Wednesday afternoon.

After contracting sharply last year amid regulatory uncertainty and an economic slowdown, Brazil’s structured finance market now appears to be poised for a recovery.

Strong payment structures and high credit enhancement levels will mitigate the impact of less conservative underwriting on subprime auto loan securitizations.