Wells Fargo Bank, National Association, entered into a Mortgage Loan Purchase Agreement with Wells Fargo Commercial Mortgage Securities, Inc.
The agreement involves the sale and purchase of commercial mortgage loans without recourse, representation, or warranty, except as outlined in the agreement
The Purchaser will create a trust with the Mortgage Loans as primary assets for the issuance of mortgage pass-through certificates
Asset Sale
Wells Fargo Bank, National Association, sells commercial mortgage loans to Wells Fargo Commercial Mortgage Securities, Inc.
Trust Creation
The Purchaser plans to create a trust with the Mortgage Loans as primary assets for issuing mortgage pass-through certificates
Certificate Sale
Intention to sell Registered and Non-Registered Certificates to Underwriters and Initial Purchasers respectively
- The creation of the trust and sale of certificates indicate the securitization of commercial mortgage loans by Wells Fargo
- The agreement signifies a financial transaction between related entities within Wells Fargo
The Mortgage Loan Purchase Agreement demonstrates Wells Fargo's strategic approach to managing its mortgage assets and capitalizing on securitization opportunities. This move aligns with the trend towards structured finance in the current market environment.