Consumer ABS

Nissan Motor Acceptance Corporation upsized its prime auto receivables securitization deal yesterday to $1.36 billion from $1billion, on the back of strong investor demand.

Ally Financial Inc. is marketing it $940 million subprime auto deal called Capital Auto Receivables Asset Trust 2013-1, bringing the January pipeline for auto ABS to $3.2 billion.

Standard & Poor’s said Monday that the pipeline for structured finance issuance has hit $3.4 billion.

Nissan Motor Acceptance Corporation kicked off its 2013 auto securitization issuance with a $1 billion deal, Nissan Auto Receivables 2013-A Owner Trust.

Santander Consumer USA is marketing its $1.25 billion auto receivables securitization deal, kicking off the year for auto ABS primary issuance in 2013.

Annualized net losses among securitizations of subprime auto loans rose to 6.72% in November, an increase of 4.4% from October and 0.5% from November of 2011.

RIFCO Inc. announced that it completed its third renewal of its Bank West auto securitization facility.

JP Morgan Securities held on to the No. 1 spot in the ASR Scorecards Database's repliminary ranking of public managers for full-year 2012.

USSA Federal Savings Bank filed a shelf with the S.E.C. on Dec. 27 for an auto-loan backed program worth a total $10 billion.

Income based repayment plans for student loans would help improve cashflows in student loan securitization, industry sources say.