Securitization

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.

Bankers are defending the industry's aggressive push into commercial real estate despite regulators' warnings about the growing risk — and the potential for losses — in that sector.

Ford Motor Credit is offering another $833 million of notes backed by dealership inventory financing from its master trust.

BMW Financial Services has joined in the cavalcade of captive auto finance companies in the securitization market early this year a $1 billion offering of notes backed by U.S. auto leases.

Enterprise is readying $649 million of securities backed by leases on fleets of cars and light trucks.

The Consumer Financial Protection Bureau should have direct oversight of auto dealers instead of being forced to go through indirect auto dealers to make changes to the market, Sen. Elizabeth Warren, D-Mass., suggested Wednesday.

The Western Riverside Council of Governments is preparing its second-largest securitization of Property Assessed Clean Energy bonds financing energy efficiency renovations for California homeowners,