Credit union to securitise mortgages with Westpac facility
NZCU South is embarking on securitisation of mortgages in its loan book.
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Dunedin-based credit union NZCU South is embarking on securitisation of mortgages in its loan book.
It is the first time a New Zealand credit union has implemented a securitisation programme.
It will initially place $10 million of the $20 million home loan portfolio into a Westpac securitisation
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Chris Hutching
Fri, 18 Sep 2015
Fri, 18 Sep 2015
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Credit union to securitise mortgages with Westpac facility
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