RESIMAC'S Director of Securitisation discusses market developments.
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Posted By
RESIMAC
At
12:58 PM
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Tuesday, 22 June 2010
As concern grows about European debt problems, issuance markets in Australia reflect the fears of global investors.
But despite the recovery stalling due to risk aversion RESIMAC’s Director of Securitisation, Mary Ploughman says she is “incredibly optimistic” about a return of the securitisation markets.
Ploughman told Lending Central that the experience of RESIMAC shows that markets are continuing to thaw.
READ MORE
http://www.lendingcentral.com/2010/06/20/securitisation-markets-very-twitchy-says-resimac%E2%80%99s-director-of-securitisation-mary-ploughman/
RBA hold interest rate
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Posted By
RESIMAC
At
2:55 PM
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Tuesday, 1 June 2010
At its meeting today, the Reserve Bank of Australia Board decided to leave the cash rate unchanged at 4.5 per cent.
For the full sttment from the RBA, please follow this link:
http://www.rba.gov.au/media-releases/2010/mr-10-11.html
NCCP Legislation
Effective from the 1st July 2010, the Federal Government has introduced new legislation, National Consumer Credit Protection Legislation (NCCP), regulating the provision of consumer loans and leases.
The legislation applies to anyone involved in the credit cycle so it now covers mortgage brokers as well as credit providers.
Please feel free to let us know your thoughts on this development, how it will affect the industry as a whole and its impact on the way you do business.
