Securitisation: RMBS

• Ian Rogers

A human-centric credit process will remain a hallmark of RedZed’s business as it shifts its risk appetite toward much higher value lends. read more

• Ian Rogers

Banks may be encouraged to pilot 'tracker mortgages' if the government takes up a proposal from the House of Representatives Economics Committee. read more

• John Kavanagh

Investors continue to shrug off rising home loan arrears, subscribing for mortgage securities at narrower margins since the start of the year. read more

• John Kavanagh

The pricing of non-bank issues of residential mortgage-backed securities has tightened since the start of the year, as strong demand for locally issued RMBS and ABS continues. read more

• John Kavanagh

Westpac raised A$2.75 billion through an issue of residential mortgage-backed securities, WST 2024-1, upsizing the transaction from $750 million at launch and paying 105 basis points over the one-mont.. read more

• George Lekakis

Equity release lender Household Capital is planning a A$1 billion securitisation program to help fund surging demand from retirees for its reverse mortgage products. read more

• Bernard Kellerman

The message for attendees at the ASF Conference in Sydney is that despite the tightening of financial conditions, securitisation issuance remains resilient. read more

• John Kavanagh

The pricing of prime non-bank mortgage-backed securities remains steady, as strong demand for Australian RMBS has underpinned healthy issuance this year.   read more

• John Kavanagh

Securitisation transactions over the past month show there is plenty of investor support for the shift in focus among non-bank lenders to areas such as non-prime mortgage lending, asset finance and pr.. read more

• George Lekakis

Judo Bank is set to embrace programmatic securitisation after pricing Australia’s first big ticket funding program backed by a mix of SME-related loans, mortgages and credit lines that qualifies for r.. read more

• John Kavanagh

AMP Bank’s latest issue of residential mortgage-backed securities was priced at much narrower spreads than the bank’s previous transaction in March, reflecting less RMBS issuance this year and continu.. read more

• John Kavanagh

The Australian securitisation market is holding up well, with an increase in outstanding debt securities during the June quarter, but there has been a shift away from mortgage-backed issuance to other.. read more

• John Kavanagh

Non-bank mortgage lender Pepper Money suffered a heavy fall in mortgage originations in the June half and its book ran off, as it struggled to keep up with banks chasing market share with cashbacks an.. read more

• John Kavanagh

Fitch’s latest Dinkum RMBS Index shows 30-day arrears in Australian prime RMBS portfolios rising by 16 basis points to 98 bps in the March quarter, and 90-day arrears rising 8 bps to 46 bps. read more

• John Kavanagh

Earlypay chief operating officer Paul Murray will take on the additional role of chief financial officer, following the resignation of CFO Steve Shin. read more

• John Kavanagh

Pepper Money has priced its fourth public securitisation for the year, issuing A$675 million of mortgage-backed securities in the latest transaction. read more

• Banking Day staff

After six years at Tyro as chief product officer, Bronwyn Yam has moved to Cuscal as its new chief product officer. read more

Resimac will maintain its focus on the near-prime and non-conforming side of its mortgage business, after pricing a A$1 billion issue of non-conforming residential mortgage-backed securities. read more

• John Kavanagh

The local mortgage-backed securities market showed no obvious signs of pressure during March, as AMP Bank, Thinktank, Firstmac, LaTrobe and Liberty all got deals away. read more

• John Kavanagh

Gryphon Capital Partners, one of the biggest local investors in the mortgage securities market, has agreed to a takeover by global investment manager Barings. read more