Non-banks in funds fight for bigger slice of mortgage market (The Australian)

Non-banks are stepping up efforts to get more access to cheaper funding by taking their push to Treasury, with the aim of better competing against the big banks on mortgage pricing.

During the COVID-19 turmoil the banks have had access to the Reserve Bank’s $200bn term funding facility, which smaller lenders say is tipping the scales too much in favour of the larger incumbents.

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26 Mar 2020

Firstmac to sound investors for prime RMBS deal (KangaNews)

On 26 March, Firstmac revealed plans for a potential Australian dollar denominated, prime residential mortgage-backed securities (RMBS) deal. ANZ, J.P. Morgan, National Australia Bank and Westpac Institutional Bank have been mandated to engage investors.

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