Marriott has improved the credit quality of the loans backing its latest timeshare securitization, MVW Owner Trust 2015-1.

The weighted average FICO of the loans in the pool is 726, up from 717 for MVWOT 2014-1, which was completed in September of last year. The loans in the 2015-1 pool are also more seasoned; borrowers have made, on average, 43 monthly payments which is higher than any prior MVWOT transaction.  Marriott’s previous securitization, MVWOT 204-1, for example, pools loans with 24 months' seasoning.

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