Finance

Nonbank lender Oportun is making its fifth trip to the securitization market with a $124.8 million offering that is backed by fewer loans, but higher balances, than previous deals. Kroll has rated the deal.

Morgan Stanley agreed to pay $3.2 billion to end a joint federal-state investigation into its handling of mortgage-backed securities, the fourth deal to be struck in a probe of the big U.S. banks' role in the subprime mortgage meltdown and the financial crisis it spawned.

Spreads on the company’s latest offering of Connecticut Avenue Securities were well wide of levels on the previous deal, completed in October; and that deal, in turn, priced wide of the previous offering in July.

The Federal Home Loan Bank System was designed to provide liquidity to community lenders and traditional insurers, not to unregulated lenders that circumvent the membership rules.

Add this the list of things working against a revival in private-label securitization of residential mortgages: investors are rejecting loans at unprecedented rates because they do not comply with new regulations.

Citigroup, German American Capital Corp. and Wells Fargo are marketing $765 million in commercial mortgage bonds associated with the mortgage the three originated for lower Manhattan’s 225 Liberty Street skyscraper.

Fannie Mae is marketing its first offering of the year of Connecticut Avenue Securities, which offload some of credit risk of mortgage that it insures, according to rating agency reports.

Markit has acquired systems integration software from JPMorgan that will allow the information services company to offer its global syndicated loan clients more automated trade processing services.

SolarCity is testing the market for securities backed by solar panel leases for the first time since three states introduced legislation that raises questions about the cost savings associated with these assets.

The forthcoming $875.1 million Wells Fargo commercial mortgage pass-through certificates securitization pools a smaller concentration of larger loans but also has more exposure to single-tenant properties.

U.S. Bancorp agreed to pay $10 million while Banco Santander settled for $3.4 million following missteps in how they handled earlier orders from regulators to fix faulty foreclosure practices, according to the Office of the Comptroller of the Currency.

A last-ditch lawsuit to shield collateralized loan obligations from risk retention reaches oral argument phase on Friday.

Santander Consumer USA is offering its second auto loan-backed ABS of the year in a $1.059 billion securitization of its higher-quality new and used subprime loan receivables.

Online lender Avant is marketing its first rated securitization of loans to consumers with less-than-stellar credit.

A federal regulator's decision to kick mortgage real estate investment trusts out of the Federal Home Loan Bank System does not seem to be alarming Two Harbors Investment Corp., which will be forced to exit within five years.

Morgan Stanley Bank of America Merrill Lynch Trust 2016-C28 is backed by 42 fixed-rate loans with a total balance of $955 million that are secured by 161 commercial and multifamily properties.

IPFS Corp. is preparing a $300 million securitization of loans used to finance insurance premiums, according to Moody’s Investors Service.

CLO manager CreekSource has priced its latest offering at wider-than-average spreads as it targets primarily first-lien senior secured loans with better-than-average speculative-grade ratings quality.

Two equipment-lease securitizations were launched Thursday: a $850 million deal from CNH Industrial and a $454 million deal from GreatAmerica Financial Services Corp.