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Fitch Ratings show drop in timeshare delinquencies in the US

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14 May

Fitch Ratings show drop in timeshare delinquencies in the US

The latest timeshare performance index from Fitch Ratings shows that timeshare delinquencies for loans with asset-based securities (ABS) in the US dropped by more than 19% in the first quarter of 2011, compared to the same period last year.

The index also shows a slight increase in defaults in the same period, but this is expected to be a short-lived trend, and default levels remain well below the all-time peak of 9.35% seen in January 2010.

The Fitch timeshare ABS index is an aggregation of performance statistics of securitized timeshare loans originated by various developers. It summarises average monthly delinquency (over 30 days) and gross default trends on a quarterly basis.

 

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