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Non-banks have been the darling of the wholesale funding markets recently, with a huge uptick in RMBS issuances from these lenders. But how do they work in practice? We chat to Firstmac’s chief financial officer, James Austin, to find out
Partnered by Firstmac
The financial reporting season has shown that mortgage lenders have been booming recently, with the ability to raise funds to keep mortgages flowing a key part of the success for many of the non-bank lenders, in particular.
In fact, residential mortgage-backed securities (RMBS) have been a boon for non-bank lenders recently, with $8 billion of the $10 billion of issuances coming from non-banks in the first quarter of this year.
In this episode of In Focus, partnered by Firstmac, we’re sitting down with chief financial officer James Austin to find out:
- Why the non-banks have been busy issuing RMBS
- How RMBS issuances actually work
- Why he believes the economy is in a strong position to withstand headwinds
And much more!
To learn more about Firstmac, click here
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