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The Australian Office of Financial Management (AOFM) has announced its latest round of RMBS investment allocations.
FirstMac, Resimac and Members Equity Bank were all named as the selected parties in a statement by the AOFM on Friday.
The selection marks the second investment by the AOFM in all three lenders; FirstMac and Members Equity were the first two lenders to benefit from the scheme back in November last year.
The initiative has served as a major boost to mortgage funding, particularly for the non-bank sector with Challenger and Liberty Financial the latest lenders to issue RMBS deals this month with the AOFM as a cornerstone investor.
The AOFM said it will continue to review the remaining complying proposals from the next selection round,with further investment mandates expected to be announced in due course.
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