Consumer ABS

The trust is backed by retail installment sale contracts of new and used Honda and Acura automobiles and light-duty trucks as well as new and used Honda motorcycles.

Credit card ABS quality improved moderately in 2Q12 despite the sluggish U.S. economy and the 8.2% unemployment rate, Standard & Poor's said in a report released yesterday.

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.