Consumer ABS

The deal, called Series 2012-2 is the second deal for DRI Capital this year, according to Moody’s Investors Service. The ratings agency rated both the earlier March deal and the issuer’s latest deal.

Nelnet is marketing a $1.01 billion student loan securitization deal called Nelnet Student Loan Trust 2012-6.

The European Central Bank this week said it will delay the go live date of its European DataWarehouse, pushing the implementation timeline for RMBS to Jan. 3, 2013 from Dec. 1, 2012.

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.