Consumer ABS

Most of the trigger breaches arose in deals exposed to banks downgraded below ‘P-1.’

The Carlyle Group will back The TCW Group in a purchase that would garner roughly 40% interest from its Paris-based parent company.

Analysts said that the recent trends in the auto ABS sector represent a normalizing lending market after many years of disruption.

SNR Denton has hired Kenneth Wright Jr. as a partner in its capital markets practice. Wright was previously at Skadden, Arps, Slate, Meagher & Flom and will be based in SNR Denton’s New York office.

The for-profit college dropout rate is increasing as reported by U.S. Senator Tom Harkin (D-IA) and the U.S. Senate Health, Education, Labor, and Pensions (HELP) committee.

The auto securitization pipeline is filling up once again. Ally Financial is getting ready to sell a $1.06 billion ABS deal under its Ally Auto Receivables Trust 2012-4.

Barclays Capital said that the new SunTrust Bank Private Student Loan Consolidation Program, announced by First Marblehead Corp. (FMD) on Aug. 2, is beneficial to current and next-pay classes in the ABS market.

SunTrust Banks in Atlanta will offer a new loan program that allows borrowers to refinance their existing private student loans.The SunTrust Bank Private Student Loan Consolidation Program gives approved borrowers the choice of a fixed- or variable-interest rate in addition to several repayment terms, according to First Marblehead, a third-party administrator of student lending activities for SunTrust. The program will begin accepting applications in early August.

World Omni Financial Corp. today filed an S-3 the Securities and Exchange Commission (SEC) to issue under its World Omni Auto Receivables Trust.