Consumer ABS

Analysts at DBRS, in a report published today, said that the renewed interest in reforming the bankruptcy law to make writing off student loan debt a possibility won't necessarily create the "moral hazard" some lenders fear.

Ally Bank has filed with the Securities and Exchange Commission (SEC) a preliminary prospectus to issue under Ally Auto Receivables Trust 2012-SN1 a $759.4 million ABS.

GM Financial is set to sell a $1.1 billion auto ABS while Volkswagen is planing to issue a German auto lease-backed offering.

The search for yield is providing some much-needed liquidity for a small corner of a market that has yet to recover from the financial crisis: auction rate securities.

Activity in the primary securitization market was muted in August, with little new issuance in auto loans.

This month ASR tackles a wide range of topics, from thorny issues such as regulations and eminent domain to the delayed onset of securitization of REO-to-rent homes.

Standard &Poor's said today that used vehicle sales are likely to increase more than 2% y/y in August to 3.9mn units, signaling continued auto loan originations and ABS issuance.

Moody's Investors Service said today that it will rate Motor 2012 PLC, a car loan securitization deal issued by Santander U.K.

Fitch Ratings predicts that the factors that have contributed to more securitizations of subprime auto loans will remain in place.