Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

RESIMAC’s RMBS series gets ranked

Staff Reporter 1 minute read

Staff Reporter

RESIMAC’s residential mortgage backed securities were yesterday assigned ratings by Standard & Poor's Ratings Services.

The non-bank lender’s first two classes were given a triple A rating by the ratings agency.

According to a report by Standard & Poor’s, the strong ratings reflect the credit risk of the underlying collateral portfolio as well as the support provided by the primary lenders’ mortgage insurance policies.

The LMI policies provide 100 per cent cover on the outstanding principal balance, interest accrued over the recovery period, and reasonable realisation costs.

RESIMAC’s RMBS series gets ranked
default
TheAdviser logo

If you’re feeling overworked and overwhelmed in this fast-paced mortgage market, it’s time to make some changes, and the Business Accelerator Program can help! Early bird tickets are on sale now. Work smarter, not harder, this year.

default

 

more from the adviser
handshake news MyState names banking general manager

A former broker head has returned to MyState Bank, to tackle turn...

BBS 2021 ta SA/NT’s top brokers crowned

The leading brokers in South Australia and the Northern Territory...

Paul Kearney ta AFCA recruits from ME Bank

The complaints authority has named a new executive general manage...