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.

AOFM to back three RMBS issues

Staff Reporter 1 minute read

Resimac, FirstMac and Liberty Financial look set to be the next recipients of the federal government’s RMBS issue.

According to the Australian Office of Financial Management (AOFM) website, the government recently invited proposals in the third selection round for the allocation of mandates.

Six proposals were received, of which three complied with government qualifications.

The AOFM will now act as a cornerstone investor in the offers from mortgage lenders Resimac, FirstMac and Liberty Financial.

The AOFM did not disclose how much of each offer it would buy or how big the issues are, however they are all expected to be priced during October.

The federal body has already invested over $7 billion as part of the $8 billion plan to inject much-needed liquidity into the home-loan market.

AOFM to back three RMBS issues
default
TheAdviser logo
default

 

more from the adviser
mortgage payments money Quiet January period hammers mortgage activity

NSW has led the states in a steep fall in mortgage market activit...

cars ta Nodifi expands into novated leasing

The asset finance platform has released a novated leasing service...

handshake 2 AFG adds specialist lender to lender panel

The aggregation group has appointed a specialist lender to its as...

FROM THE WEB