Consumer ABS

The U.S. housing market and consumer are looking much healthier and there are reasons to believe they will only get stronger.

Regulators risk stifling a recovery in the securitization market if they subject privately offered securities to the same disclosure and reporting requirements as public offerings.

CarMax Business Services LLC is preparing its first issue of 2013,a $800 million auto asset-backed securities deal called CarMax Auto Owner Trust 2013-1.

In marked contrast to recent years, speakers at the first major panel of the day sounded some fairly upbeat notes.

First Investors Financial Services issued its $187 million subprime auto lease deal in a private placement transaction, the company said today.

Kroll Bond Rating Agency is looking to broaden its ratings into credit card asset backed securities.

Capital One issued a $750 million credit card asset backed securitization deal.

Nelnet is prepping a $438 million student loan securitization, its first of the year.

Egan-Jones Ratings Company and its president Sean Egan will be barred for at least 18 months from rating asset-backed and government securities issuers as a Nationally Recognized Statistical Rating Organization.