Wyndham Offers Up First ABS Of ‘10 March 11, 2010

-- Olivia Thetgyi

Wyndham Worldwide is offering its first securitization of timeshare loans for 2010, the $250 million Sierra Timeshare 2010-1 Receivables Funding. While the single-tranche transaction has less overcollateralization than previous deals, it compensates with more excess spread. ...

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