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Funding boost for non-banks

Staff Reporter 1 minute read

The non-bank sector is poised to benefit from the government’s RMBS initiative once again with the latest round of mandates announced this week.

Liberty Financial and Challenger Mortgage Management will now receive a cornerstone RMBS investment from the Australian Office of Financial Management (AOFM). The Bank of Queensland was also selected.

The AOFM said the deals should price by the end of next month.

Since the program’s inception last year the government has already invested more than $3 billion in the lending market, with FirstMac and Resimac just two of the lenders to benefit.

 

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Funding boost for non-banks
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