Low doc prominent in Macquarie's mixed pool RMBS repackage
- Friday, 19 March 2010
Macquarie Securitisation (Macquarie) has priced a A$1.2 billion (US$1.11 billion) privately placed residential mortgage-backed securities (RMBS) deal – PUMA Masterfund S-8 – as an agreed restructure of an externally provided mortgage warehouse facility. Some 54 per cent of the deal's pool is represented by full documentation mortgages with the balance low doc loans.
