The Australian government has waded into the residential mortgage-backed securitisation market for the first time since the global financial crisis, giving $200m worth to support non-bank lender Firstmac sell the first package of home loans to investors after credit markets were frozen by the coronavirus crisis. View article here (subscription required)
The infamous Firstmac afterparty — responsible for many a sore head at industry functions over the years — has decided to cut ties with the MFAA and move the festivities to the FBAA.
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