-
Government buys $3.4b RMBS
- January 29, 2010
- Posted by: admin
- Category: Finance News
No CommentsThe federal government announced yesterday that it would provide five home lenders with a pipeline of funding to support the issuance of securities until December 2010. According to a report in The Australian Financial Review, the government has directed the Australian Office of Financial Management (AOFM) to purchase $3.4 billion of mortgage-backed securities. Liberty Financial,
-
Smaller home lenders take off
- January 27, 2010
- Posted by: admin
- Category: Finance News
The move suggests there has been a further thawing in funding markets, particularly for issues of mortgage-backed securities, raising hopes that competition is returning slowly as the big banks tighten their grip on lending. Liberty Financial, previously regarded as a specialist lender to borrowers that found it tougher to win bank finance. Liberty has spent