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Mortgage group announces securitisation plans

Mortgage group announces securitisation plans

An ASX-listed mortgage group has announced its securitisation plans ahead of its full-year results.

In a trading update today, Yellow Brick Road (YBR) said it is “opportune timing for securitisation” which will represent a further advantage for the group.

“YBR held off on a securitisation launch pending appropriate scale and market conditions,” the group said in an ASX update today.

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“These are now ideal circumstances to realise our securitisation plans."

YBR anticipates a launch in December.

The group has been steadily building scale in the Australian mortgage market, acquiring Vow Financial and Resi in the past financial year.

YBR said it has already made significant progress on its securitisation plans, with mezzanine funding discussions underway and warehouse funding terms “well progressed” with a leading Australian bank. 

Today’s announcement comes as the group prepares to release its full-year profit results later in the month.

More to come.

Mortgage group announces securitisation plans
mortgagebusiness

 

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