Fitch: Homeloans Merger to Have No Impact on RESIMAC RMBS Deals

July 28, 2016 7:59 AM

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(The following statement was released by the rating agency) SYDNEY, July 28 (Fitch) Fitch Ratings says that the proposed merger between RESIMAC Limited (RESIMAC) and Homeloans Limited (Homeloans) will have no rating impact on the RMBS transactions originated and serviced by RESIMAC.

RESIMAC's origination and servicing platform, as well as its systems and procedures will not change, and RESIMAC will continue to manage the existing transactions. On 20 July 2016, RESIMAC announced it is entering a Scheme Implementation Agreement with Homeloans under which the latter will merge wit...

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