Consumer ABS

Subprime lending in the auto sector, which has been driven in part by rising used-vehicle sales, has continued to rise, S&P said in a short note this morning.

The securitization pipeline is filling up after Information Management Network's ABS East conference concluded yesterday with deals from Wyndham and BMO.

SEC chairwoman Mary Schapiro criticized the prevailing pay model for ratings agencies on Tuesday.

Royal Bank of Canada agreed to buy Ally Financial's Canadian auto-finance and deposit business in a cash deal providing $4.1 billion in proceeds to Ally.

Despite being the ABS market's current darling, a speaker at ABS East saw a potential bubble forming in the subprime auto segment.

coverage of IMN's ABS East 2012 Conference

Speakers at one panel of Information Management Network’s ABS East conference think the industry will come around to this field’s potential of socially responsible investing.

Regulators are moving forward with proposals to apply the corporate bond transparency system known as TRACE (Transaction Reporting And Compliance Engine) to the entire MBS and ABS markets,according to Saber Partners.

Credit card securitizations almost exclusively consist of receivables of well-seasoned, high-quality cardholder accounts that have performed well despite persistently high unemployment, according to a Moody's Investors Service report published today.