FirstMac calls end to RMBS funding for rest of the year
Australian mortgage lender FirstMac is likely to stay away from residential mortgage-backed securitisations for the rest of the year, after closing an A$80m ($83.6m) prime deal at the end of last week, the company told EuroWeek Asia.
The deal was FirstMacs second RMBS of the year, after it closed a A$300m prime deal at the start of the month. But it is now likely to stay away from the market until 2013, unless an opportunity becomes too tempting to pass up.
"This is likely to be
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