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Thread: Marriott Completes Securitization of Timeshare Loans

Started 1 month, 3 weeks ago by rikkis_playpen
http://www.marriott.com/news/detail....Article=460 953 More good news for timeshare finance..
Site: Timeshare Forums - Timeshare Forums at TimeshareForums.com  Timeshare Forums - Timeshare Forums at TimeshareForums.com - site profile
Forum: Marriott   Marriott   - forum profile
Total authors: 3 authors
Total thread posts: 5 posts
Thread activity: no new posts during last week
Domain info for: timeshareforums.com

Other posts in this thread:

somerville replied 1 month, 3 weeks ago
It looks like Marriott bought its own paper - affiliates bought Vacation Club paper.

rikkis_playpen replied 1 month, 3 weeks ago
I didn't see that anywhere... Are you referring to the phrase, "The notes were sold without recourse to Marriott or its affiliates."... If so, that simply means that Marriott sold the loans without having to promise to pay for a portion of them if the individual borrowers default. This differs from the way other developers have been inking deals lately, which have often been "sold with ...

rikkis_playpen replied 1 month, 3 weeks ago
Disregard my last post! Sorry for questioning.. Somerville is right on target that Marriott simply sold itself paper and moved money from one pocket to another.. Perhaps an accountant can explain why? I just found this which gives more info that the original press release... Marriott International, Inc. - On October 21, 2009, Marriott... .........On October 21, 2009, Marriott ...

mpizza replied 1 month, 3 weeks ago
It appears that Marriott set-up a REIT (Real Estate Investment Trust) to hold the timeshare loans. Maria

 

Top contributing authors

Name
Posts
rikkis_playpen
3
user's latest post:
Marriott Completes...
Published (2009-10-22 09:47:00)
Disregard my last post! Sorry for questioning.. Somerville is right on target that Marriott simply sold itself paper and moved money from one pocket to another.. Perhaps an accountant can explain why? I just found this which gives more info that the original press release... Marriott International, Inc. - On October 21, 2009, Marriott... .........On October 21, 2009, Marriott International, Inc. (together with its subsidiaries, the...
somerville
1
user's latest post:
Marriott Completes...
Published (2009-10-21 18:55:00)
It looks like Marriott bought its own paper - affiliates bought Vacation Club paper.
mpizza
1
user's latest post:
Marriott Completes...
Published (2009-10-22 12:31:00)
It appears that Marriott set-up a REIT (Real Estate Investment Trust) to hold the timeshare loans. Maria

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