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.

View article here 

Read more…

Recent articles

15 Sep 2014

How low can credit spread go?

On Friday afternoon Brisbane-based non-bank lender Firstmac priced $700 million of RMBS with the $315 million of Class A-1 notes with a weighted average life (WAL) of 2.9 years going to investors at a margin of 90 basis points (bp) over bills.- AB+F- view article