Non-bank celebrates four decades in business (Australian Broker)

One of Australia’s oldest non-bank lenders just celebrated 40 years in business with a gala dinner in Brisbane.
 
Firstmac founder, Kim Cannon, told the 400 guests in attendance that the company had found its success through innovation, hard work, and family – as well as long-term vision that placed sustainable growth ahead of short-term profits.

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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