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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01 Feb 2017

Non-bank reduces investor loan rates

Non-bank lender Firstmac has announced new rate reductions for some of its investor loan products, going against the general industry trend of increasing investment rates.

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