Resimac priced its first nonconforming residential mortgage-backed securities (RMBS) of 2015 on March 13, which is also the first such deal in Australia this year. The transaction – Resimac Bastille Trust Series 2015-1NC – which was upsized from an indicative volume of A$300 million (US$229.4 million) across eight tranches, is backed by a mixed pool of conforming and nonconforming residential mortgages.
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