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.

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Non-bank boss urges brokers to ‘reinvent’ themselves

The head of one of Australia’s largest non-bank lenders says there is a “revolution going on” in mortgage broking right now and that industry players must adapt and keep pace with change.

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