Consumer ABS

Issuance of subprime auto-loan securitizations so far in 2013 is running slightly ahead of last year’s pace at this time, according to a note by Standard & Poor’s.

Avis Budget Group plans to sell rental car fleet securitization from its Avis Budget Series, according to a Moody’s Investors Service press release.

Exeter Finance Corp is marketing a $500 million subprime asset backed securitization backed by retail installment sale contracts for new and used autos and light duty trucks.

Sallie Mae lined up a $747 million Federal Family Education Loan Program (FFLEP) backed ABS deal.

Price guidance on Toyota Motor Credit Co.’s auto loan deal and Ford’s dealer floorplan securitization deal was issued on Friday.

Toyota Motor Credit and Hyundai Capital America have added over $2 billion of auto ABS to the pipeline.

The $1.4 billion deal is backed by prime quality loans, but the pool is highly concentrated in New York and Pennsylvania, according to Moody's Investors Service.

JPMorgan Chase is getting out of the student loan business due to stiff competition from federal lending programs

World Omni Financial Corp. is preparing to issue $783 million of bonds backed by leases on Toyota and Scion branded automobiles and light-duty trucks

Santander Consumer Bank priced Bilkreditt 4 a Norwegian auto loan securitization to strong investor demand, according to market source.