Consumer ABS

Risky mortgage lending may have triggered the financial crisis, but final risk retention rules go much easier on mortgages than securitizations of other kinds of assets.

Volkswagen in marketing €743.3 million ($950M) of securities backed by German auto loans.

Regulators will unveil a long-awaited final rule next week that requires lenders to retain some of the risk for loans they securitize, a critical part of the Dodd-Frank Act that the agencies have struggled to implement.

FGA Capital, the company formed by a joint venture between Fiat and Credit Agricole, is gearing up to sell €437.5 million of senior rated securities backed by Italian auto loans.

Santander Consumer Finance plans to sell securities backed by Finnish auto loan receivables.

Congress should amend the bankruptcy code to permit borrowers to discharge student loan debt if their net monthly income is insufficient.

Which opinion is more reliable: A well-informed one tainted by financial arrangements or one free of such conflicts but based on limited data — and possibly colored by spite?

The volume of securitization tranches that have earned the label of Prime Collateralised Securities (PCS) has topped €100 billion ($127 billion), according to a release from the eponymous organization.

RCI Banque, the financing arm for Renault Nissan Alliance, hired BNP Paribas, Societe General and HSBC to manage a €644 million ($820M) securitization of French auto loans.