Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA
subscribe to our newsletter

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

According to data analysis agency GlobalData, one in four ADIs could exit the market within the next five years, as unemployment levels rise...

The economic consequences of the coronavirus pandemic have prompted more non-bank lenders to make changes to their credit policies, which in...

LaTrobe Financial has announced it anticipates a “strong and sharp” rebound for the housing market, as well as for employment conditions...

FROM THE WEB
podcast

LATEST PODCAST: The rush to save small businesses

Do you think Australia will move to quantitative easing this year?

Why we’ll keep delivering for our communities in the face of COVID-19

alex

As Australia tries to keep pace with a rapidly changing business and social landscape in the wake of COVID-19, Momentum Media is leading the way delivering essential content to our communities, writes Alex Whitlock, director of Mortgage Business.

Read more

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.