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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08 Jun 2016

RBA puts official interest rate on hold

For the second consecutive month, the Reserve Bank of Australia has announced that the official cash rate would be left unchanged at a historical low of 1.75 per cent. The mortgage industry has welcomed the announcement, with many experts claiming that it is the ‘right move’ as it would provide scope for further cuts in the short term.- Your Mortgage- view article here