ABS

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.

Enterprise Fleet Management is tapping the securitization market for the second time this year.

Verizon Wireless is making its first trip to the securitization market to help offset the expense of providing customers with financing for mobile phones.

Tax Ease Holdings is marketing $141.75 million of bonds backed by tax liens.

LendingClub Corp. named Scott Sanborn to replace its founder and chief executive officer, who resigned unexpectedly last month, and said it will dismiss 179 employees to cope with the decline in loan volume caused by the turmoil.

Bank United in Miami Lakes, Fla., has appointed two former Capital One Financial executives to lead its new equipment and franchise finance subsidiary.

The Canadian subsidiary of CNH Industrial is sponsoring a securitization totaling more than CAN$526 million, backed by agricultural equipment loan receivables.

Spruce Finance, a provider of consumer financing for residential solar and home efficiency improvements in the U.S., has hired Darren Thompson as chief financial officer.

Duke Energy Florida's $1.3 billion utility fee securitization sets an important precedent.

Speculative-grade corporate liquidity seems to have improved over May and June, but Moody's warned the lowering of the stress index is due more to bankruptcy technicals, not "fundamental improvement."

California's new, higher legal smoking age heralds more trouble for tobacco securitization debt, said an analyst who has followed the sector for years.

JPMorgan Chase is issuing its third credit-card securitization of the year – and the second this month – through its Chase Issuance Trust (CHAIT) platform of CHASEseries notes.

SBA Communications is tapping the securitization market for $700 million, according to rating agency reports.

Renewable Funding is preparing its first securitization of Property Assessed Green Energy Bonds, according to Kroll Bond Rating Agency.

Chesapeake Funding I LLC Series 2016-2 follows the $600 million offering in March in the Series 2016-1 Series, which together combine for about half the collateral pool of nearly $2 billion in receivables balances on open-ended vehicle leases serviced by Element Vehicle Management Services Group.

Loan market participants are in an uproar over the announcement by the European Parliament this Monday that it is considering quadruple the amount of skin that originators of asset-backed securities must have in the game.

Duke Energy Florida has launched a $1.3 billion offering of bonds backed by fees it will charge to recover costs associated with the retirement of its Crystal River Unit 3 nuclear power plant