Non-banks dial TFF whaaambulance

Via Banking Day:

A leading non-bank mortgage lender has warned that non-banks originating prime mortgages face tough market conditions, largely as a result of the pricing impact of the Reserve Bank’s term funding facility.

Firstmac chief financial officer James Austin said non-banks have had the benefit of the Australian Office of Financial Management’s Structured Finance Support Fund to assist with their securitisation programs but they have not been given access to the TFF.

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