Wyndham Worldwide is planning its third securitization of timeshare loans of the year, according Fitch Ratings.

The $220 million transaction, called Sierra Timeshare 2015-3, will be backed by a pool of fixed-rate timeshare loans originated by Wyndham Vacation Resorts, Inc. (WVRI) and Wyndham Resort Development Corporation (WRDC). Approximately 64.9% of Sierra 2015-3 consists of WVRI-originated loans; the remaining are WRDC loans. The weighted average (WA) original FICO score of the pool is 719.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.