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 Feb 2017

Non-bank reduces investor loan rates

Non-bank lender Firstmac has announced new rate reductions for some of its investor loan products, going against the general industry trend of increasing investment rates.

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