ME hikes home loans by up to 30 basis points

ME on Friday raised certain owner occupier fixed home loan interest rates by up to 30 basis points after they were reduced in late March.

What is an RMBS?

Mortgage-backed securities, infamous for playing a part in triggering the 2007-08 global financial crisis, have a colourful reputation. You may heard of them through films like The Big Short and Inside Job. But what is a mortgage backed security? It’s a lot simpler than you think.