Firstmac assigned AAA ratings for RMBS

Australia's biggest non-bank lender Firstmac has received AAA credit ratings for four classes of its prime residential mortgage-backed securities (RMBS).

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27 Jun 2016

How to make sense of mortgage backed securities

A residential mortgage backed security (RMBS) fund has delivered a total return of 6.77 per cent per annum plus a distribution of 6.09 per cent, dwarfing rates offered by traditional cash products as rate hit record lows, according to Firstmac. - Real Estate Conversation - view article