AOFM support comes for residential mortgage-backed securities liquidity squeeze (The Australian)

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.

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01 Mar 2019

Going direct pays off for Firstmac (Banking Day)

Mortgage specialist Firstmac has delivered a result that may be a pointer to the future of mortgage lending. It has achieved very strong growth in its loan portfolio, with more than half of that growth coming from direct sales to consumers.

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