Consumer ABS

Capital One Financial in McLean, Va., is facing regulatory delays in its bid to buy a credit card business from the outdoor equipment chain Cabela's.

Monthly chargeoffs in U.S. prime credit card asset-backed securities fell to a new low of 2.33% in December, according to Fitch Ratings’ monthly index results. However, retail credit-card performance saw "mixed" results with chargeoffs rising but monthly payment rate (MPR) levels improving.

Despite mounting losses, credit ratings agencies maintain a steady-but-cautious outlook for subprime auto loan securitization portfolio performance in 2017.

Although subprime auto lending and securitization bear similarly troubling signs to the pre-crisis housing market, they clearly do not contain the macroeconomic risks posed by the mortgage industry nearly a decade ago. But investors may still not be in the clear.

In case you haven’t been keeping track, Moody’s Investors Service downgraded about half of the guaranteed student loan bonds that it had put under review this year.

Next Private Student Loan Securitization Comes from Goal Structured Solutions

Smaller institutions have increased the size of their auto books in the last year, with the 25 most-active lenders reporting a nearly 7% increase. More borrower demand and a pullback by some bigger lenders are contributing to the rise.

SoFi Lending Corp. is testing the market for private student loans to slightly riskier borrowers.

Citibank is issuing its third offering of the year from its Citiseries Credit Card Issuance Trust, according to Moody’s Investors Service.