Bushfires won’t impact covered bonds and mortgage backed ratings (Money Management)

The Australian bushfires will have no impact on the ratings of covered bonds and residential mortgage-backed securities (RMBS) as they remain in remote or regional areas with low population levels, according to Fitch Ratings. Fitch said the mortgage portfolios of covered bonds and RMBS were concentrated in densely populated areas, while the bushfires had mostly impacted less-densely populated areas.

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01 May 2019

MCU Members back Firstmac takeover (Mortgage Business)

An overwhelming majority of Maleny Credit Union members have voted in support of Firstmac’s acquisition proposal.

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