RMBS issuers ask for further government support, on temporary basis
- Tuesday, 30 November 2010
Australian residential mortgage-backed securities (RMBS) issuers are calling for further government support to aid the market's recovery, including an extension and broadening of the Australian Office of Financial Management (AOFM)'s investment mandate. But there is resistance to the idea of instituting any kind of permanent government involvement in the market, such as a Canadian-style mortgage agency.
