Going direct pays off for Firstmac (Banking Day)

Mortgage specialist Firstmac has delivered a result that may be a pointer to the future of mortgage lending. It has achieved very strong growth in its loan portfolio, with more than half of that growth coming from direct sales to consumers.

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09 Mar 2016

Lenders face bubble claims, market ructions in funding bids

James Austin, the chief financial officer of the biggest non-bank mortgage lender, Firstmac, said he could see the the huge amount of publicity research firm Variant Perception and its client Bronte Capital generated in late February claiming an Australian house price bust was close had added to the price Australian lenders had to pay on wholesale markets. - Sydney Morning Herald- view article