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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27 Jun 2016

How to make sense of mortgage backed securities

A residential mortgage backed security (RMBS) fund has delivered a total return of 6.77 per cent per annum plus a distribution of 6.09 per cent, dwarfing rates offered by traditional cash products as rate hit record lows, according to Firstmac. - Real Estate Conversation - view article