CMBS have enjoyed a steady recovery in spreads and dramatic improvement in credit performance this year, setting the stage for a pickup in issuance in 2013.

A highlight in the month was Barclays Bank's first SEC-registered credit card platform called Dryrock Issuance Trust.

See results from the Mortgage Bankers Association's Refinance and Purchase Indexes as well as the weekly mortgage rates surveyed by Freddie Mac.

View the year-to-date manager rankings for the different ABS sectors, including real estate, credit cards and autos.

View issuance volume for ABS, MBS and CMBS for the year to date through Dec. 7.

Santander Consumer Bank's Bilkreditt 3, a Norwegian Auto ABS, this week became the first deal to be tagged with the prime collateralized securities stamp of approval.

The deal, called Series 2012-2 is the second deal for DRI Capital this year, according to Moody’s Investors Service. The ratings agency rated both the earlier March deal and the issuer’s latest deal.

Interactive Mortgage Advisors is offering a package of Ginnie Mae bulk servicing rights with an option to buy upwards of $1.5 billion in added ‘flow’ rights in the next year.

Nelnet is marketing a $1.01 billion student loan securitization deal called Nelnet Student Loan Trust 2012-6.

The European Central Bank this week said it will delay the go live date of its European DataWarehouse, pushing the implementation timeline for RMBS to Jan. 3, 2013 from Dec. 1, 2012.

Redwood Trust said it has closed on a $291 million securitization of mezzanine loans and other subordinate commercial real estate debt.

Freddie Mac’s efforts to support the pricing of its MBS — known as “participation certificates”— resulted in a spike in its loan and MBS purchases in October.