ABS

The subprime auto lender – a unit of the Spanish banking giant Banco Santander – initially planned to release its earnings on Wednesday, July 27. But it said in a news release that its financial statements have "not yet been completed" due to discrepancies between current and former accountants over the way it calculates its provision for credit losses. Santander Consumer did not set a new date for the results.

The City of New York is making its annual trip to the securitization market with tax liens.

Kubota Credit Corp., the finance arm of Kubota Tractor Corp., is marketing $600 million of bonds backed by loans to acquire agricultural, construction, and turf equipment.

The Federal Housing Administration released lender guidance spelling out the circumstances under which it will insure mortgages on properties encumbered by Property Assessed Clean Energy liens similar to tax assessments.

John Deere is preparing its second securitizatifon of equipment loans of 2016, according to Fitch Ratings.

Portfolio managers are expecting deteriorating credit conditions in spreads and defaults in North America and Europe this summer, as the Brexit contagion spreads around the globe. In particular, 68% of managers worldwide expect to see growing defaults in the European investment-grade space this summer.

Ford Motor Credit is marketing $777 million of bonds backed by lines of credit that it extends to auto dealerships, according to Standard & Poor’s.

Recently allegations of fraud against Lending Club and several Chinese marketplace lenders have some observers calling for more daylight on the loans sold on these marketplaces. Specifically, they're floating the idea of a technology and service that would register and track ownership of the loans and validate basic facts about them and the borrowers.

Dell Financial Services is prepping its first equipment-lease securitization of the year, with a transaction that slightly dilutes the concentration of large-enterprise contracts among its obligors.