Powered by MOMENTUM MEDIA
subscribe to our newsletter
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.

Advertisement
Advertisement

“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

 

Latest News

Westpac and the Commonwealth Bank’s share of the third-party mortgage market has spiked, in contrast to sharp declines from NAB and ANZ, t...

A non-major lender has dropped its fixed mortgage rates, becoming the fourth lender to reprice its offerings over the past two weeks.   ...

The interest lenders earn on mortgages is expected to remain under pressure this year and next, according to Moody’s. ...

FROM THE WEB
podcast

LATEST PODCAST: What drops in fixed rates may mean for the mortgage market

Do you think the banking royal commission recommendations could negatively impact competition in the mortgage market?