I will be very interested to view any meaningful documents which...

I will be very interested to view any meaningful documents which HOM/Resimac finally release explaining this deal. Some interesting facts from RESIMAC's Financial Accounts lodged with ASIC:
NPAT FY12 +$2.1m, FY13 -$4.6m, FY14 -$4.8m, FY15 +$7.5m
Loan Book FY12 $3.317bn, FY13 $3.198bn, FY14 $5.026bn, FY15 $4.455bn
Net Assets FY12 $72.4m, FY13 $66.8m, FY14 $61.0m, FY15 $69.8m
ROE FY12 2.9%, FY13 -6.8%, FY14 -7.8%, FY15 10.8%
Bad Debt Charge FY12 $7.7m, FY13 $10.7m, FY14 $5.6m, FY15 $1.7m
Bad Debt Charge / Loan book FY12 23bp, FY13 33bp, FY14 14bp, FY15 4bp

Resimac has struggled to make a decent profit or ROE over the last 4 years. The only reason FY15 appears reasonable is because the Bad Debt Charge has fallen to $1.7m, a 90% reduction from FY13. WTF!

What makes this even more ridiculous is that Resimac is largely a "non-conforming" resi lender. So for them to run a Bad Debt Charge Off Rate of 4bp compared to someone like BOQ, which typically runs at 10-15bp (and BOQ is a "conforming" mortgage lender), seems very, very, very strange.

On face value, this looks like a very ordinary deal for HOM Shareholders.