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Pepper markets non-conforming RMBS

Pepper Homeloans is marketing A$306 million in mortgage-backed securities, which is backed by a pool of non-conforming loans.This is the first non-conforming financing deal to reach the public market this year. The last was an $80 million financing deal for RedZed in December. Resimac sold $250 million in non-conforming RMBS in July last year.

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