Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Lack of liquidity to continue

Staff Reporter 1 minute read

Liquidity will remain a challenge for Australian lenders with securitisation markets showing little signs of recovery in the near future.

Greg Medcraft, chief executive officer of the Australian Securitisation Forum, warned that the market could remain frozen for up to a further two years due to an underlying lack of liquidity, The Australian reported.

According to Mr Medcraft the problem stems from Australia’s dependence on offshore investors to fund the mortgage-backed market.

“Now that those leveraged investors have gone out of business they are actually liquidating their portfolios and dumping them into the Australian market and that overhang is making it even worse,” he told The Australian.

Published: 28-11-08

Advertisement
Advertisement

Lack of liquidity to continue
default
TheAdviser logo
default

TODAY'S POLL

View results >

Who do you aggregate through?

Thank you for your vote, you can see the results here.

more from the adviser
question mark 850 Brokers reveal which lenders are leading the way

The results are in for the Third-Party Lending Report 2020, revea...

board room office ta Lender revamps broker team

A low-deposit mortgage lender has announced changes to its third-...

build SMEs showing greater resilience to COVID-19

Businesses with an annual turnover of less than $200,000 have far...

FROM THE WEB