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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27 May 2019

Non-bank lenders upsize mortgage bond deals after election (Australian Financial Review)

Non-bank lender Firstmac has won support from new foreign investors turning optimistic about the outlook for the Australian property market in the wake of the Coalition's election victory.

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