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RESIMAC issues its first RMBS for 2008

by Staff Reporter6 minute read

Non-bank lender RESIMAC has issued its first prime RMBS deal for 2008.

Though on the small side, the $100 million deal shows there are signs of life in the capital markets and bodes well for the non-bank sector.

Standard & Poor’s yesterday rated the $82.7 million Class A notes AAA. The AB tranche of $13m received a AAA rating and the $4.3m B tranche received a AA- rating.

Pricing on the deal was not available.

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