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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09 Mar 2016

Lenders face bubble claims, market ructions in funding bids

James Austin, the chief financial officer of the biggest non-bank mortgage lender, Firstmac, said he could see the the huge amount of publicity research firm Variant Perception and its client Bronte Capital generated in late February claiming an Australian house price bust was close had added to the price Australian lenders had to pay on wholesale markets. - Sydney Morning Herald- view article