Consumer ABS

Sometimes in Washington, even bad public relations can be good politics.

The American Securitization Forum (ASF) will have Securities and Exchange Commission (SEC) Chairman Mary Schapiro as keynote speaker at its 2011 annual meeting in Washington, D.C. on June 22.

Principia Partners released the latest version of its structured finance platform called Principia SFP.

Although rising new issuance and increasingly successful loan modifications are helping slow CMBS loan defaults, delinquencies likely will climb 12% this year, according to a new report from Fitch Ratings on fixed-rate conduit loans.

DriveTime Automotive Group is in the market with a $246,88 million deal called DT Auto Owner Trust 2011-2 (DTAOT 2011-2).

For weeks, Republicans have said their objections to the Consumer Financial Protection Bureau (CFPB) are substantive, and not based on worries about the agency's de facto leader, Elizabeth Warren. But at a House hearing Tuesday, GOP members launched a series of personal attacks on Warren, suggesting she was lying and sometimes interrupting her responses.

A new TransUnion report showed that consumers who only defaulted on their mortgage in the economic recession were far better risks versus those who went delinquent on multiple credit lines such as auto and credit card loans.

Despite assertions they got off relatively lightly in the Dodd-Frank Act, foreign banks operating in the U.S. are increasingly worried they will be targeted by some of the regulatory reform law's toughest provisions.

The National Credit Union Administration (NCUA) Board this morning proposed a plan that would allow credit unions to prepay their annual assessments for the corporate credit union bailout, which they project will amount to $2.94 billion, or 38 basis points, for this year and next.

The Securities and Exchange Commission (SEC) voted unanimously to propose new rules and amendments for increasing credit rating transparency and improving their integrity.