Santander is the next bank to be targeted by the Department of Justice investigation of subprime underwriting and securitization, the lender revealed in its second quarter regulatory filing today.

When Sallie Mae spun off its student loan servicing business this year to focus on making private loans, it said that it would sell a portion of origination. A pretty large portion, as it turns out.

CMBS sponsors are relying less on ratings from the big three ratings agencies in an effort to reduce costs at the privately issued triple-B minus level of the capital stack.

Enterprise Fleet Management priced its eighth rental car securitization, according to an Interactive Data report.

Hawaii plans to sell $150 million in taxable bonds in November to fund low-interest loans targeting residents with poor credit or low income who want to install energy savings devices in their homes.

The auto loan market has a different track record and players than mortgages, setting the stage for a unique fight among prosecutors, lenders and dealers.

Auto loan lender Carmax has priced a $1 billion securitization, its third of 2014.

Newbold Advisors has promoted Amy Creason to senior director of capital markets.

Cronos Containers is preparing a $207 million marine cargo container lease securitization, according to Standard & Poor’s.

Observer Capital’s first acquisition includes business-to-business publications Asset Securitization Report, Leveraged Finance News, Private Placement Letter, American Banker and the Bond Buyer.

UBS and Deutsche Bank are in the market with a $350 million of bonds collateralized by of a single loan secured by Westfield Montgomery, a super-regional mall in Bethesda, Maryland.

Morgan Stanley plans to issue $256.5 million in bonds backed 291 residential mortgages that were all originated by First Republic Bank.