Yes Home Loans’ CEO Lee Boueri is not a happy camper. He says the Federal Government’s $8 billion residential mortgage backed securities (RMBS) scheme, which is being implemented by the Australian Office of Financial Management (AOFM), is not targeting the correct group.

“It should be addressing the real basis of the suffering, which is distributors such as us,” Boueri exclaims maintaining that judging from what has been set in place the government didn’t understand the securitisation model properly.
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