Consumer ABS

Wells Fargo and Royal Bank of Scotland are planning to sell a CMBS called Wells Fargo Commercial Mortgage Trust 2012-LC5, according to an SEC filing yesterday.

S&P analysts expect the sector's volume will most likely meet their $10 billion full-year forecast, eclipsing 2011's $9.7 billion issuance volume.

The firm's relative value outlook is still unchanged from earlier in 2012, even given the tighter spreads and as the consumer ABS market still functions as a safe haven for many buyers.

BMW Financial Services launched a $783 million securitization from is dealer floorplan master owner trust.

Post crisis dealer floorplan ABS transaction have higher credit enhancement requirements than deals done before 2009, according to Sept. 9 Barclays Capital report.

Stranded assets, dealer floorplan, rental car, franchise, aircraft and container ABS should be treated as corporate credit risk to avoid the hefty risk capital based charged to off-the-run Consumer ABS deals, said a Citibank report today.

Willis Lease Finance Corporation said in a Sept. 6 press release, that it is planning a $390 million securitization of commercial jet engine leases.

Equipment leasing company LEAF Commercial Capital plans to issue three triple-A rated tranches insured by Assured Guaranty Corp.