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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14 Oct 2016

Morning Briefing: Non-bank offers ‘fastest ever’ 2-week settlement guarantee

Non-bank lender Firstmac is offering a two-week settlement guarantee to broker clients, which it says is a response to broker feedback for faster turnaround from lenders with a set time frame to manage customer expectations.

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