Finance

Redwood Trust is preparing its fourth private-label residential mortgage backed securitization, according to a presale report published today by Fitch Ratings.

Chargeoffs and delinquencies on U.S. credit card-backed securities resumed their downward trajectory in February following a temporary increase in January, according to Fitch Ratings.

Moody’s Investors Service has changed how it incorporates sovereign risk into structured finance transactions.

O’Melveny & Myers has poached Jaroslaw C.K. Hawrylewicz from Barclays Capital.

Unison is in the market with a $147 million cellular tower securitization; it follows on the heels of a $1.8 billion deal from industry goliath American Tower last week.

The deal consists of five, fixed-rate tranches. The most senior piece, for $142 million, is a few notches from triple-A.

Bank of America Merrill Lynch is marketing a $766 million securitization of transportation equipment loans and leases for General Electric Capital Corp., according to a presale report from Fitch Ratings.

Wyndham Worldwide is planning a $300 million timeshare loan securitization, its first of the year, according to a presale report from Fitch Ratings.

Ford Motor Credit is planning a $1.117 billion auto lease securitization, according to a presale report published today by Moody’s Investors Service.

A lawsuit filed yesterday against Nationstar Mortgage LLC aims to stop the servicer from future auctions of mortgage notes of delinquent loans backing residential mortgage securities via the website www.auction.com.

RBS Securities is arranging a $400 million collateralized loan obligation for Denali Capital LLC, according to a presale report from Moody’s Investors Service.

Cabela's priced $385 million of private label credit card ABS; the A-rated senior tranche pays a fixed 2.71%.

Senior CLO noteholders awake to the strong possibility that recent vintage deals could be called, and are taking steps to mitigate the risk, according to analysts at the Royal Bank of Scotland.

American Airlines, Inc. issued two tranches of enhanced equipment trust certificates this week while it is still operating under Chapter 11 court supervision.

American Tower priced $1.8 billion of bonds tied to wireless towers; the five-year tranche pays a fixed rate of 1.551%.

Wells Fargo and RBS priced WFRBS Commercial Mortgage Trust 2013-C12, a $1.2 billion conduit backed by 100 commercial mortgage loans secured by 138 properties.

The $270 million LCCM 2013-GCP Mortgage Trust is backed by a $275.0 million loan secured by the fee interest in Grand Central Plaza, an office building and free-standing restaurant in New York, N.Y.

Newtek Business Services is preparing a $20.9 million securitization of small business loans, its first in three years.

Vericrest Financial announced that former Nationstar vice president of production and securitization veteran, Joe Anderson has been appointed Chairman and Chief Executive Officer, effective immediately.