$300 million RMBS deal for AFG

AFG is pleased to announce it has successfully priced its second Residential Mortgage Backed Securities (RMBS) transaction. The AFG 2013-2 Trust priced today with 14 investors both onshore and offshore participating.

This is the second RMBS transaction for AFG this year following on from a successful $275 million deal in March.

AFG CFO David Bailey explained the process; “We aimed to complete two RMBS transactions in calendar 2013 and what is particularly pleasing is for us to welcome a number of new investors to our program and to also complete a slightly larger overall transaction size.”

The $300 million pool of home loans were originated through the AFG network and are managed by the AFG Home Loans and Securities teams. AFG has 10% of Australia?s total mortgage market. For the past twelve months the company?s 1,800 members have processed an average of $3.1 billion in home loans per month, of which approximately 5% have been own label mortgages.

Broker Technology
Broker Guides

Download your AFG Information Book

Open the book on AFG and find out how we can partner with you to grow your business.

Featured Calculators
Broker Guides

Customer Experience and Workflow Optimisation

Learn why creating repeatable customer experiences could be your biggest revenue growth opportunity.

The AFG Story

Find out how we’ve been helping Australians find a fairer deal for over 27 years.

How we're helping
Looking for the right loan?
Choose your loan type and start comparing products from our lender panel, read the latest finance tips and if you’re looking for expert help, we can put you in contact with an AFG Mortgage Broker.