Banks urged to 'flex' as Victoria battens down the hatches (AFR)

Data on loan deferrals released by the prudential regulator and by Firstmac provided new insight into the $274 billion worth of frozen loans as of the end of June, which was 3 per cent higher than a month earlier. 

Before the tougher Victorian lockdown was introduced, Firstmac had seen a steady improvement in the number of customers with deferred loans. The number with fully or partially suspended repayments had fallen to 5.1 per cent at the end of July from 5.65 per cent on May. 

Read more…

Recent articles

01 May 2019

MCU Members back Firstmac takeover (Mortgage Business)

An overwhelming majority of Maleny Credit Union members have voted in support of Firstmac’s acquisition proposal.

Click here to read