Largest domestic RMBS launched in Australia

RAMS Home Loans, one of Australia's biggest independent home loan originators, has launched the largest ever residential mortgage-backed securitization (RMBS) from Down Under. The A$1.45 billion ($755.6 million) transaction, for which JP Morgan acted as sole lead with Salomon Smith Barney as co-lead, bettered September's A$1 billion offering from Interstar Securities.