Aussie Gov’t To Buy Another A3.5 Bln In RMBS

28 Jan 2010

The Australian Office of Financial Management said it will buy up to A$3.4 billion ($3.06 billion) in residential mortgage-backed securities sold by five lenders.

The Australian Office of Financial Management said it will buy up to A$3.4 billion ($3.06 billion) in residential mortgage-backed securities sold by five lenders. The five banks involved in the transactions are AMP, Firstmac, Liberty Financial, Members Equity Bank and Resimac—smaller lenders that the agency hopes the investment ...

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