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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15 Sep 2014

How low can credit spread go?

On Friday afternoon Brisbane-based non-bank lender Firstmac priced $700 million of RMBS with the $315 million of Class A-1 notes with a weighted average life (WAL) of 2.9 years going to investors at a margin of 90 basis points (bp) over bills.- AB+F- view article