Quantcast

Spike in Oakwood loss rates, subject of Merrill trigger report

In bank research last week, Merrill Lynch discussed a noteworthy spike in the current loss rates of Oakwood Homes manufactured housing ABS, likely attributable to an aggressive reduction of repossessed inventory.

In late September, Credit Suisse First Boston noted the same phenomenon, stating that Oakwood "suffered a significant increase...

To continue reading, log in, register or subscribe below.Calendars are available to registered users of The Bond Buyer web site.
Please log in below with the credentials you established at the time of your subscription or when you set up a free trial. If you have never set up an account with The Bond Buyer, please click the "Free trial" link below to set up your account.

Already a subscriber? Log in here.

Please note you must now log in with your email address and password.

 

Upcoming Events

Already a subscriber? Log in here
Please note you must now log in with your email address and password.