Aussie mortgage specialist Homeloans Ltd. last week completed its first RMBS since December 2003, with an A$460 million ($351.2 million) offering. Westpac Institutional Bank acted as sole lead for the deal, issued via the Residential Mortgage Trust facility.

The deal is backed by 2,229 loans; 32% of which are low-documentation mortgages. Mortgage cover comes through Genworth and PMI.

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.