Oz Lender Offers UP Prime RMBS

12 Jul 2007

Australian lender Challenger Mortgage Management is issuing an A$904 million ($780 million) residential mortgage-backed securitization backed by 5,154 low-documentation first-ranking mortgages.

-- Daniel Flatt

Australian lender Challenger Mortgage Management is issuing an A$904 million ($780 million) Australian residential mortgage-backed securitization backed by 5,154 low-documentation first-ranking mortgages. Barclays Capital, JPMorgan, Macquarie and National Australia Bank are arrangers on the deal.

Challenger Millennium Series 2007-2 is offering up three classes of notes – ...

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