Consumer ABS

Lewtan appointed Salil Donde as chief executive officer. Donde joins Lewtan from Marshall & Swift/Boeckh, a provider of essential property information solutions.

The number of private student loans defaulting in 2Q11 increased by 5% from 1Q11, according to the Moody's Investors Service Private Student Loan Indices.

Atlanta-based SunTrust Banks said C.T. Hill, its corporate executive vice president and head of consumer banking and mortgage, would now have his primary focus on the company's mortgage business.

Avis Budget Rental Car Funding (AESOP) is in the market with a $300 144A deal called Avis Budget Series 2011-5.

Bank of America Corp.'s deal on Monday to sell its unwanted Canadian card assets is the latest example of how smaller acquisitions are fueling a slow revival in the credit card portfolio sales market.

Credit card delinquencies fell to their lowest point in 17 years in the second quarter as consumers remained cautious about taking on more debt and issuers continued their conservative approach to lending, TransUnion Corp. said Tuesday.

Fitch Ratings has affirmed the U.S. long-term foreign and local currency Issuer Default Ratings (IDRs) and Fitch-rated U.S. Treasury security ratings at 'AAA'.

Bank of America Corp. said Monday that it is selling an $8.6 billion credit card portfolio in Canada and plans to unload $19 billion of card loans in Europe as it works to exit the international card business.The Charlotte, N.C., company has agreed to sell its Canadian portfolio to TD Bank Group for an undisclosed amount, though TD said in a separate release that it will pay a "modest premium" on the portfolio.

Even though more nationwide consumers are paying their credit card payments on time, mortgage delinquencies of 60-days or more have increased since 2007, according to an Experian report.

Wells Fargo analysts recommended FFELP and private student loan-backed ABS as nonbenchmark asset classes that provide investors with good relative value opportunities.