Five mortgage funders secure AOFM investment 29 January 2010 6:01PM Ian Rogers The Australian Office of Financial Management yesterday named five home loan providers that will share up to $3.4 billion in funding this year under Australian government programs to shore up competition in the sector.The five are AMP Bank, Firstmac, Liberty Financial, ME Bank and Resimac.All five received some funding, and in some cases several rounds of funding, from the AOFM under similar programs in 2009.AMP Bank knew of and apparently informed investors of the support of AOFM last week in marketing their mortgage-backed securities transaction, Progress 2010-1 Trust, the Herald Sun reported. The AOFM invested $35 million in that transaction.The AOFM described the planned funding as a "serial investment arrangement". Funders will be able to approach the AOFM to invest in RMBS at a time that suits the funder, rather than tendering for investment under a timetable worked out by AOFM, as happened last year.The five funders have until 15 December 2010 to draw down on the funding.