Securitisation: RMBS

• Bernard Kellerman

2024 has emerged as the strongest year for securitisation in over a decade, where strong investor demand has driven spreads lower despite high issuance. read more

• Ian Rogers

Non-bank lender Resimac is on the hunt for a new permanent chief executive, following the resignation of Scott McWilliam as CEO after 21 years of service.     read more

• Bernard Kellerman

Australian non-bank lender Household Capital Pty Ltd has mandated Citi to market a potential AUD-denominated reverse mortgage securitisation deal. read more

• John Kavanagh

Perpetual has confirmed that it is negotiating to sell its corporate trust business, putting the biggest trustee in the Australian loan securitisation market on the block. read more

• 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