09 Mar 2018

Firstmac Completes $600 Million RMBS Issue

Australia’s largest non-bank lender Firstmac today priced a $600 million Residential Mortgage Backed Securities issue at 1.05% over the Bank Bill Swap Rate.

The deal compares favorably with Firstmac’s last transaction in November 2017 which priced at 1.11% over the Bank Bill Swap Rate.

27 Oct 2017

Firstmac Breaks $9 Billion Barrier

Australia’s largest non-bank lender Firstmac has added more than one billion dollars to its loan book in just four months, taking it past $9 billion in mortgages under management.

The milestone follows three consecutive months of record broker settlements and high numbers of new broker accreditations.

20 Jun 2017

Firstmac Breaks $8 Billion Barrier

Australia’s largest non-bank lender Firstmac has continued the rapid growth of its loan book, this month passing the key milestone of $8 billion in mortgages under management.

Firstmac founder Kim Cannon said the strong growth showed Firstmac was successfully providing competition that was desperately needed in the Australian lending market.

30 Jan 2017

Firstmac Offers Industry-Leading Investor Package

Non-bank lender Firstmac has bucked the market trend by announcing a substantial rate reduction for some property investors at the same time as other home lenders are raising their investment loan rates.

Firstmac has launched an Investor Package which extends its Owner Occupier rate, starting at 3.79 per cent, to the investment loans of customers who bring the lender both their home loan and investment loan.

National Sales Manager Jake Sanders said the offer threw out...