Investors in Australian residential mortgage-backed securities (RMBS) continue to benefit from the strong credit performance of the underlying residential mortgage portfolios. However, there is only muted growth in new RMBS issuance activity where real-money investors, including limited foreign investors, are gradually re-emerging. Until quite recently, the Australian government’s partake in Australian RMBS has been heavily [...]
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Australian RMBS Heading For Busiest Year Since 2008
The Australian residential mortgage-backed securities (RMBS) market may be heading for its busiest year since 2008 issuance amid renewed investor interest in the asset class, according to a new report issued by Standard & Poor’s Ratings Services. The report, “Australian RMBS Issuance Has Strengthened, But Is The Revival Sustainable?,” notes that more than A$8 billion [...]