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.

View article here (subscription required)

Read more…

Recent articles

24 Apr 2019

Firstmac Announces Potential New RMBS Deal (Banking Day)

Firstmac has revealed plans to meet investors, regarding a potential new Australian dollar denominated residential mortgage-backed securities (RMBS) deal.
ANZ, J.P. Morgan, National Australia Bank, Standard Chartered Bank, United Overseas Bank and Westpac Institutional Bank have been mandated to arrange the meetings, beginning 6 May in Australia, followed by Tokyo, London and Singapore.

​(subscription required)

View article here