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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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