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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16 Apr 2014

Firstmac leads the return to offshore RMBS

Brisbane-based non-bank lender Firstmac is one of the few to venture back to offshore RMBS markets. Last year it priced two RMBS transactions totalling $900 million, each with sterling-denominated tranches that totalled £177 million.

Firstmac said it has also bucked the national trend by increasing its monthly mortgage settlement volumes to levels last seen before the GFC. This has led it to seek greater volumes of RMBS funding by going offshore.- AB+F- view article