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AOFM selects next round of beneficiaries

Staff Reporter 1 minute read

The Australian Office of Financial Management (AOFM) has announced its latest round of RMBS investment allocations.

FirstMac, Resimac and Members Equity Bank were all named as the selected parties in a statement by the AOFM on Friday.

The selection marks the second investment by the AOFM in all three lenders; FirstMac and Members Equity were the first two lenders to benefit from the scheme back in November last year.

The initiative has served as a major boost to mortgage funding, particularly for the non-bank sector with Challenger and Liberty Financial the latest lenders to issue RMBS deals this month with the AOFM as a cornerstone investor.

The AOFM said it will continue to review the remaining complying proposals from the next selection round,with further investment mandates expected to be announced in due course.

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AOFM selects next round of beneficiaries
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