More non-bank RMBS flow as Resimac issues A$400 million [UPDATED]

Resimac has issued the second non-bank residential mortgage-backed securities (RMBS) transaction in Australia this year, achieving its launch volume of A$400 million (US$422.9 million) on May 13. The deal, Resimac Premier Series 2011-1, is the issuer's first RMBS issue since November last year.