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http://www.bloomberg.com/apps/news?p...d=aiujK3IRnmFk
Indeed I've started receiving auto loan advertisements in the postal mail from Capital One again.
TALF was originally supposed to end in December and was extended to March 2010.
More than $40 billion in debt backed by auto loans and credit-card payments was sold in the third quarter, compared with $10.8 billion during the first three months of 2009, according to data compiled by Bloomberg. New York-based JPMorgan Chase & Co. issued $2.8 billion sale of bonds tied to credit- card payments last month in the largest such offering this year outside a Federal Reserve program to jumpstart lending.
In September, investors tapped TALF to buy 38 percent of the $17 billion in debt sold through the program, the lowest proportion since May, as confidence rose, according to Wells Fargo Securities.
[..]
Bond sales tied to auto-loan, credit-card and student-loan payments total $88.4 billion this year, compared with $119 billion at the same time in 2008, according to Barclays Capital data. In 2007, $231 billion of the securities were sold, data compiled by Bloomberg show.
An additional $40 billon to $50 billion in asset-backed debt may be sold before year-end, according to John McElravey, an analyst at Charlotte, North Carolina-based Wells Fargo & Co.
[..]
Companies including the finance arms of Dearborn, Michigan- based Ford Motor Co. and Stuttgart, Germany-based Daimler AG’s Mercedes-Benz sold debt for the eighth monthly TALF deadline today. Deere & Co., the Moline, Illinois-based equipment manufacturer, Milwaukee-based Harley-Davidson Inc. and Munich- based Bayerische Motoren Werke AG also issued.
In September, investors tapped TALF to buy 38 percent of the $17 billion in debt sold through the program, the lowest proportion since May, as confidence rose, according to Wells Fargo Securities.
[..]
Bond sales tied to auto-loan, credit-card and student-loan payments total $88.4 billion this year, compared with $119 billion at the same time in 2008, according to Barclays Capital data. In 2007, $231 billion of the securities were sold, data compiled by Bloomberg show.
An additional $40 billon to $50 billion in asset-backed debt may be sold before year-end, according to John McElravey, an analyst at Charlotte, North Carolina-based Wells Fargo & Co.
[..]
Companies including the finance arms of Dearborn, Michigan- based Ford Motor Co. and Stuttgart, Germany-based Daimler AG’s Mercedes-Benz sold debt for the eighth monthly TALF deadline today. Deere & Co., the Moline, Illinois-based equipment manufacturer, Milwaukee-based Harley-Davidson Inc. and Munich- based Bayerische Motoren Werke AG also issued.
TALF was originally supposed to end in December and was extended to March 2010.