JPMorgan analysts said that the majority of consumer ABS asset classes have continuously exhibited solid collateral performance after the crisis, including timeshare ABS.

This week’s JPMorgan’s Securitization Products Weekly stated that the timeshare ABS’ 60+ delinquencies across all vintages have stabilized and presently range between 2% to 4%. In fact, the 60+ delinquencies for the post-2008 vintages are lower than those for previous vintages. For instance, Marriott Vacation Club Owner Trust (MVCOT) 2009 delinquencies are roughly at 3.5% and Silver Leaf Resorts’ (SRFC) 2010's 60+ delinquencies are at their lowest at 1%, analysts cited.

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