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Macquarie leads Aussie RMBS rush with low-doc deal

Macquarie Securitisation, Australia's most active RMBS issuer, has hit the road with its second deal of 2006. Unlike the first offering, the latest A$750 million ($563.9 million) issue is backed by 100% low-documentation loans, whereby borrowers self-certify their income.

It is the third low-doc RMBS from Macquarie, with the...

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