Non-bank urges brokers to avoid big banks (Australian Broker)

Firstmac has come out swinging for brokers after banks threw them under the bus at the Financial Services Royal Commission.

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16 Nov 2015

Non-bank lenders' funding costs on rise

James Austin, chief financial officer of the country’s biggest non-bank lender, Firstmac, said the underlying conditions for the group’s RMBS had never been better, with unemployment and mortgage arrears low, while the major banks were leaving the door open to competitors with a string of out-of-cycle interest rate hikes.- The Australian- view article