0 minute readResimac, an Australian non-bank lender, is seeking to sell A$250m ($227m) of mortgage bonds backed by mainly low-documentation loans as it bets investor appetite for such securities is recovering. Resimac is selling notes secured by home loans, of which 70% aren’t verified by full paperwork such as proof of income, according to a report from Standard & Poor’s today. It’s the first RMBS sale where more than half the underlying pool consists of such loans since July 2008, according to data from Fitch Ratings.
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
Most Popular Articles
Latest Articles
Test
The story for the housing market over the past three years has been, “Home sales are down, home prices are up.” Because inventory was so restricted after the pandemic, prices pushed higher even as demand weakened. That story may finally be inverting as unsold inventory of homes is now great enough that home prices are […]
-
Freddie Mac’s Donna Spencer on their Servicing Excellence initiative
-
Lower mortgage rates attracting more homebuyers
-
Rocket Pro TPO raises conforming loan limit to $802,650 ahead of FHFA’s decision
-
Show up, don’t show off: Laura O’Connor is redefining success in real estate
-
Between the lines: Understanding the nuances of the NAR settlement
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio