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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09 Mar 2018

Non-bank makes $600m securities issue (Broker News)

Non-bank lender Firstmac said last Friday that it has completed a $600m residential mortgage backed securities issue, bringing the total amount of RMBS it has issued to more than $20bn since 2003.
 

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