Articles

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)
• Firstmac highly rated in broker survey (MPA Australia)
• Steve Waugh Foundation Sponsorship – The Captain’s Ride
• Firstmac residential mortgage-backed securities viewed as superior (Australian Financial Review)
• Japanese investors the focus for Firstmac’s latest RMBS deal (Kanga News)
• Choice Aggregation Services adds Firstmac to its panel (The Adviser)
• Firstmac introduces lower interest rate for green cars (Mortgage Business)
• Non-bank makes $600m securities issue (Broker News)
• FBAA wraps up 2017 with uplifting conference (Australian Broker)
• Firstmac hires two banks for potential RMBS deal (Australian Financial Review)
• 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
• 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
• RMBS fund delivers income and growth
• Firstmac taps into Singaporean demand in latest RMBS
• Firstmac to pass on May rate cut in full
• Pepper issues record $700m bond, but price worries investors
• Video- Overseas funders demand high interest rates
• Lenders face bubble claims, market ructions in funding bids
• Firstmac assigned AAA ratings for RMBS
• Non-bank lenders' funding costs on rise
• Non-banks set to boom thanks to APRA crackdown on property investors
• Bank clampdown not pushing investors to non-banks
• Firstmac issues Australia's biggest non-bank RMBS since crisis
• How low can credit spread go?
• Firstmac leads the return to offshore RMBS

03 Apr 2017

Firstmac chases bank licence

Firstmac owner Kim Cannon has resumed his concerted push for a banking licence, arguing the nation’s biggest non-bank lender has the required “capacity and character” and would be a serious competitive threat to the big four.

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