Resimac will pay 115 basis points over the one-month bank bill swap rate on the main tranche of its latest issue of mortgage-backed bonds, Resimac Premier Series 2013-1.The A$309 million of A3 notes have a weighted average life of 2.5 years and expected ratings of AAA from Standard & Poor's and Fitch Ratings.There is marked distinction between the pricing of bank and non-bank RMBS issues.Last week, Columbus Capital announced that it would pay 120 bps over the one-month bank bill rate on the senior tranche of its issue of mortgage-backed bonds, Triton Trust No.2 Bond Series 2013-1.In contrast, last month, Commonwealth Bank paid 80 bps over swap on the senior tranche of the Medallion Trust Series 2013-1, and Westpac paid 85 bps over swap on the top tranche of its Series 2013-1 WST Trust.Resimac increased the size of its issue from the A$500 million offered last week to $750 million. The Australian Office of Financial Management did not invest in the issue.Pricing on the $75 million A1 tranche, which has a weighted average life of 0.4 years, is 50 bps over swap.Resimac issued a US dollar tranche, paying 35 bps over US Libor for the US$300 million A2A tranche, which was sold into the US 144a market.The $44.6 million AB tranche, with a weighted average life of 4.6 years, was priced at 210 bps over swap.The $26.2 million B1 tranche, with a weighted average life of 4.5 years and an expected rating of AA, was priced at 340 basis points over swap.Pricing on the $4.1 million B2 tranche was not disclosed.Also yesterday, Liberty Financial priced a $200 million RMBS deal, the Liberty Series 2013-1. Pricing on the $40 million A1 tranche, with a weighted average life of 0.4 years, is 50 bps over the one-month bank bill swap rate.Pricing of the $70 million A2 tranche, with a weighted average life of 1.8 years, is 110 bps over swap.Pricing on the $58.4 million A3 tranche, with a weighted average life of 3.6 years, is 165 bps over swap. All three tranches have expected ratings of AAA.Pricing on the B, C, D, E and F tranches was not disclosed.