Three qualify for final AOFM funding
Three non-bank funders have qualified for a second, and in the case of one for a third, round of funding from the Australian Office of Financial Management.FirstMac, Liberty Financial and Resimac will also receive funding from AOFM and will be the last three funders to receive investment in a pool of mortgages from the Australian government under the current (and perhaps final) funding round.FirstMac is receiving its third round of funding and the other two their second.The AOFM will have exhausted the $8 billion allocated to support the mortgage market and introduced in response to the financial crisis late last year, once it completes these transactions.