Macquarie makes mortgage push

Group sounding out bond investors ahead $500m residential mortgage-backed issue.

Macquarie Group (MQG) has ramped up its push into the home loan market, increasing its origination volumes fivefold since 2010 ahead of its first issue of mortgage-backed bonds for the year, The Australian Financial Review reports.

According to the newspaper, Macquarie has "sounded out" bond investors in the lead up to a $500 million residential mortgage-backed securities issue.

The move comes as monthly banking figures show weak credit growth is being supported by demand for investment properties.

The AFR reports Macquarie is pursuing greater exposure to the mortgage market because it was a strong performing sector, telling bond investors the move would allow the group to win more clients.

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