Consumer ABS

Sallie Mae is working on the first student loan securitization in nearly a month.

Student and auto lending surged in the 12-month period ended in July, according to an Equifax report.

FINRA’s plan to disseminate pricing on after-market transactions in asset-backed securities through TRACE should transform the market.

Many banks in the auto lending business have been making investments that they hope will give them a more enduring edge; to the extent that bank are less likely to securitize these loans, this could impact securitization volume.

FINRA’s planto disseminate pricing on after-market transactions in asset-backed securities through TRACE should transform the market.

Volkswagen extended its Driver auto loan securitization franchise into the French market via the €491 million ($650M)Driver France FCT Compartiment 2013-1 transaction.

Wells Fargo reported that auto loans outstanding increased at an 8.5% rate on a year-over-year basis in Q2 2013 but auto loan abs issuance has not kept pace.

Insurance companies have focused on higher yielding paper, within benchmark ABS asset classes in their 2013 new issue investments, according to a JP Morgan report.

Many banks in the auto lending business have been making investments that they hope will give them a more enduring edge; to the extent that bank are less likely to securitize these loans, this could impact securitization volume.