Articles

Firstmac analysis shows the number of borrowers on hardship is falling (MPA Magazine)

The latest data from Firstmac’s $12.6b loan book shows that the number of Australians on COVID-19 hardship arrangements is steadily falling despite the second wave of lockdown in Victoria. MPA spoke with chief financial officer James Austin about how Victoria compares with other states and why the ACT is doing the best nationwide.

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Recent articles

• Firstmac analysis shows the number of borrowers on hardship is falling (MPA Magazine)
• Firstmac completes $1.3bn RMBS raising (Australian Broker)
• Firstmac finds its deepest-ever investor base in new deal (Kanga News)
• Fewer homeowners seeking mortgage relief as economy recovers (The Australian)
• Firstmac reports car market is "recovering strongly" (Australian Broker)
• COVID-19: How the Australian new car market is coping (Performance Drive)
• Lender’s data shows car market bounce back (Autotalk)
• Lender reports "sharp fall" in hardship applications (Australian Broker)
• Home loan relief calls push $6.8bn (The Australian)
• Firstmac says fewer customers than banks in COVID-19 hardship (Australian Financial Review)
• Firstmac buys another 'category killer' (Banking Day)
• Firstmac sets out to capitalise on pandemic fallout on economy (The Australian)
• Canberra takes a bond ‘step change’ (The Australian)
• AOFM support comes for residential mortgage-backed securities liquidity squeeze (The Australian)
• Further details of $15bn lending fund released (The Adviser)
• RMBS freeze melts for Firstmac (Banking Day)
• Aussie Government QE kicks off (LiveWire Markets)
• Firstmac CFO hails $1 billion 'miracle trade' (The Australian Financial Review)
• Canberra urged to keep credit flowing to non-bank lenders (The Australian)
• First week of QE notches up $21bn for cheaper borrowing (Australian Financial Review)
• Firstmac reopens securitisation markets (Kanga News)
• Firstmac Reopens RMBS Market With AOFM Support (Kanga News)
• Australia's Firstmac raises A$1 billion in RMBS issue (Reuters)
• Fitch Assigns Expected Ratings to Firstmac Mortgage Funding Trust No.4 Series 1-2020 (Investing.com)
• Firstmac to sound investors for prime RMBS deal (KangaNews)
• Lenders continue to pass on full rate cuts (The Adviser)
• Funds cut risk, lift cash holdings (The Australian)
• Non-bank celebrates four decades in business (Australian Broker)
• Firstmac Announces Potential New RMBS Deal (Banking Day)
• 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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