Consumer ABS

Lenders will continue to look for opportunities to buy loan portfolios, according to a report released yesterday by Bank of America Merrill Lynch analysts.

Remember all those prognostications from industry experts how the Dodd-Frank bill would destroy the nonbank segment of the mortgage industry, resulting in a total takeover of residential finance by depositories?

The Securities and Exchange Commission (SEC) said today that it is seeking public comment on proposed regulations to require ABS issuers and credit rating agencies that rate ABS to provide investors with new disclosures about representations, warranties, and enforcement mechanisms.

Citigroup has sold $1.6 billion of retail credit card assets to General Electric Co.'s GE Capital arm, the companies said Wednesday.

Principia Partners, announced its integration of Intex performance data into the Principia Structured Finance Platform (Principia SFP).

Moody's Investors Service is giving the Federal Deposit Insurance Corp.'s (FDIC) new "Safe Harbor" rule the thumbs-up due to the protections private-label MBS investors can rely on if the issuing bank fails.

Various changes have occured throughout the crisis in terms of the ABS investor base, according to speakers at this week’s Information Management Network ABS East conference.

Some panelists were optimistic while others were a little bit more guarded on the future of securitization at this week’s Information Management Network ABS East conference.

United Capital Markets (UCM) is hosting tonight's concert and cocktail party that headlines Big Head Todd and the Monsters at Information Management Network’s (IMN) ABS East conference.

Rule 122a stipulates the main investor requirements with which banks have to comply. The regulation calls for these financial institutions to have formal procedures and operations in place to monitor - on an ongoing basis and in a timely manner - performance information on the underlying exposures in structured finance assets.