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RBA warns the banks ‘don’t be stingy’ (2GB Money News)

The Reserve Bank of Australia has warned banks to loosen up their lending practices when approving home loan applications. Firstmac CFO James Austin tells Ross Greenwood bank staff need to be more consistent when granting credit.  

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Recent articles

• RBA warns the banks ‘don’t be stingy’ (2GB Money News)
• Going direct pays off for Firstmac (Banking Day)
• Non-bank urges brokers to avoid big banks (Australian Broker)
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• Steve Waugh Foundation Sponsorship – The Captain’s Ride
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• Firstmac introduces lower interest rate for green cars (Mortgage Business)
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• FBAA wraps up 2017 with uplifting conference (Australian Broker)
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• Brokers ‘are working harder than ever’ (The Adviser)
• Fed up with the big four, brokers are going elsewhere (MPA Magazine)
• Non-bank loan book breaks through $9 billion (The Adviser)
• FirstMac Mortgage Funding Trust No.2 NAB Warehouse Series Class A1-A Notes Rating Affirmed
• Non-bank loan book hits $8bn
• Brokers help Firstmac hit $8bn milestone
• Non-bank boss urges brokers to ‘reinvent’ themselves
• Firstmac party finds new home at FBAA
• Firstmac chases bank licence
• Brokers integral to non-bank lender success
• Non-bank reduces investor loan rates
• Non-bank reduces rates for investors
• Non-bank launches new investor mortgage offering
• ‘Market-leading’ loan option launched for investors
• Lender extends two-week settlement guarantee
• Non-bank extends two week settlement guarantee
• Non-bank launches ‘Australia’s first two-week settlement guarantee’
• Morning Briefing: Non-bank offers ‘fastest ever’ 2-week settlement guarantee
• Non-bank unveils two-week settlement guarantee
• Firstmac launches near-instant Accreditation system
• How to make sense of mortgage backed securities
• RBA puts official interest rate on hold
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• Firstmac taps into Singaporean demand in latest RMBS
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• Video- Overseas funders demand high interest rates
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• Firstmac issues Australia's biggest non-bank RMBS since crisis
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• Firstmac leads the return to offshore RMBS

23 Nov 2015

Firstmac assigned AAA ratings for RMBS

Firstmac assigned AAA ratings for RMBSNon-bank lender Firstmac has received AAA credit ratings for four classes of its prime residential mortgage-backed securities (RMBS).

Standard & Poor’s (S&P) assigned the ratings for Firstmac’s A-1a, A-1b, A-2 and AB classes of RMBS, which are issued by Firstmac Fiduciary Services as a trustee for Firstmac Mortgage Funding Trust No.4 Series 2-2015. - Mortgage Business- view article