Consumer ABS

Nomura Securities analysts said that since the start of 2012, they have seen an issuance surge in equipment ABS sector with roughly $3.7 billion issuance across five deals versus $1.65 billion issued in the first three months of last year.

Auto ABS performed slightly better in January versus December with net losses and delinquencies dipping and recovery rates increasing, according to Standard & Poor's.

In competitive sports, being first is always the goal. But the distance between the U.S. — at the head of the pack — and the rest of the world in crafting financial reforms is becoming a major hurdle for implementing the Dodd-Frank Act.

An Apollo Global Management managed European fund will acquire €650 million ($860 million) of Irish consumer credit card receivables from Bank of America.

Credit card ABS performance stayed strong in Wells Fargo Securities' credit card indices for March's distribution period, according to a report released this afternoon.

Yesterday the Education Finance Council (EFC), which represents U.S. nonprofit and state agency student finance organizations, opposed the Fairness for Struggling Students Act of 2011.

GreatAmerica Leasing Corp. is in the market with a transaction called GreatAmerica Leasing Receivables Funding, L.L.C. Series 2012-1 (GALC 2012-1).

Harley Davidson Credit Corp. has filed an S-3 with the Securities and Exchange Commission (SEC) for possible issuance under its Harley Davidson Motorcyle Trust. The trust is collateralized by new and used motorcycle contracts.

The SLABS market mostly ignored the recent negative headlines that included a legislative proposal allowing private student loans to be discharged in bankruptcy, Bank of America Merrill Lynch analysts stated in a report released late Friday.

Moody's Investors Service has pointed out in a report released late yesterday that the overall level of credit risk in the structured market is inching up. The rating agency predicted that the easing of credit that happened in 2011 will continue into 2012 and beyond.