Bluestone eyes a return to the lending market
Bluestone Group is considering a return to the lending market, according to an article in today's Australian Financial Review.The non-conforming lender, which relies on the securitisation market for funding, has not been an active lender since 2008.In recent years the company has focused on loan servicing and debt purchasing activities. Bluestone chief executive Peter McGuinness told the AFR that he "sensed" that there was some interest in non-conforming paper in the securitisation market.The group would also need warehouse funding. Of its former warehouse facility providers, McGuinness said Barclays was no longer active and Westpac was taking a cuatious approach.