Rush of Australian securitized home loans tempts yield-starved Japanese

May 23, 2017 SYDNEY (Reuters) – Australia has become the world’s most active market for securitized home loans, with sales at their highest in a decade as lenders seek to take advantage of surging demand from yield-starved Japanese investors. Issues of residential mortgage-backed securities (RMBS) total A$67 billion, with A$12 billion ($9 billion) sold so far this year. The strong overseas demand comes amid warnings over the country frothy property market from regulators, the central bank and the International Monetary Fund. Home prices in Australia’s two biggest cities of Sydney…

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