Consumer ABS

Mercedes-Benz has issued two new deals from its dealer floorplan master trust structure.

Consumer asset backed securitization volume potential for 2013 may be suppressed by the rise in student loan debt, according to a Wells Fargo report.

Credit card delinquency and default rates continued to drop in the third quarter, except for a slight increase in the sub-sector of retail, DBRS said.

Today the Board of the IOSCO published the final report on Principles for Ongoing Disclosure for Asset Backed Securities, which is a guide to securities regulators.

Deals from Sallie Mae and American Credit Acceptance are filling the ABS pipeline this week.

The expected growth will be driven by rising auto and credit card supply, JPMorgan analysts said in a report released last week.

The affected securities are backed by first- or second-lien residential mortgages, private student loans, RMBS, CMBS and ABS, the agency said.

S&P/Experian composite default index went up nine basis points to 1.55% in October, although has dropped 60 basis points year-over-year.

The firm's analysts offer their view on the fiscal cliff’s potential effect on each securitization sector and how this impact relative value.