Resimac sweetens bid for RHG rump Resimac has sweetened its takeover bid for RHG, the rump of mortgage lender RAMS, to 48c a share. The latest offer for the company is a direct response to a rival bid last week from mortgage lender Pepper Australia, which also has its eyes on the RAMS loan book. Shareholders in RHG, are now being offered 48c a share from Resimac, in addition to the 3c dividend the company plans to pay. It compares with the 46c-a-share offer from rival bidder Pepper, which provides "white label" mortgages via brokers. RHG's board unanimously recommended the latest bid for the company. In 2007, RAMS' branch network and brand was sold to Westpac for $140 million, and RHG's loan book is being run down Trading RHG shares was halted this morning at 49.5c a share. Resimac and Pepper are both lenders that raise funds by issuing residential mortgage-backed securities - a market that froze in the GFC but has recently shown signs of life. The ball is now back in the court of Pepper - which is reported to have spent close to $1 million considering a takeover for RHG.