Consumer ABS

The Federal Deposit Insurance Corporation (FDIC) today said Chairman Sheila Bair's official departure will be effective July 8.

Ally Bank is in the market with Ally Master Owner Trust Series 2011-3 (AMOT 2011-3), which is backed by receivables originated in connection with the purchase and financing by motor vehicle dealers of their new and used car and truck inventory, according to a DBRS presale report.

The labor department report on employment figures may show some encouraging signs of recovery.

After boosting its securitized products origination group just last week, Barclays Capital has hired more personnel for its ABS operations.

Matthew Yoon has joined the financial services regulatory group of DLA Piper’s government affairs practice as a partner in New York, the law firm announced Thursday. Yoon arrives from SNR Denton and previously Thacher Proffitt & Wood.

Several portfolio metrics showed that the U.S. credit market is stabilizing and is even growing, according to Equifax's monthly National Credit Trends Report for March 2011.

The commodities and listed derivatives firm under the guise of former New Jersey Governor Jon Corzine said today that it has taken steps to expanding its capital markets and institutional sales teams with the firm’s recent slew of new hires.

For years esoteric ABS kept its little brother status in a securitization market that was largely dominated by more conventional asset classes.

ABS investors' search for yield has taken them to an interesting place, where products that were once marginal are now the main attraction. In vogue are decidedly esoteric deals, ranging from whole business securitizations to structured settlement transactions.

European securitization market players will apparently put more "skin-in-the-game" than their U.S. counterparts if U.S. regulatory requirements for risk retention move ahead as written.