Mortgage lender Resimac has raised A$500 million of funds through an issue of residential mortgage-backed securities, which was completed on Friday. The transaction was increased from $300 million sought at the launch of the issue.The issue is Resimac's third this year. It issued non-conforming RMBS in August, raising $750 million. Last week's issue and an issue in April were part of the Premier Series, backed by first-ranking residential loans.Resimac will pay 130 basis points over the one-month bank bill swap rate on the $450 million of A notes, which have a weighted average life of 2.6 years.Pricing on the AB notes, worth $23 million and with a WAL of four years, was 220 bps over BBSW.Pricing on the B notes, worth $14 million and with a WAL of four years, was 275 bps over BBSW.Pricing on the C notes, worth $6 million and with a WAL of four years, was 320 bps over BBSW.Pricing on the D notes, worth $5 million and with a WAL of four years, was 575 bps over BBSW. And pricing on the $2 million of D notes was undisclosed.Pricing has come in considerably since the April issue. Compared with a margin of 130 bps on the A notes in the latest deal, Resimac paid a margin of 155 bps on comparable notes in the April transaction.