Briefs: Resimac targets self-employed, Australia Ratings sells investment rating arm 16 March 2021 5:08AM Banking Day staff Briefs, Non-bank lender, Mortgages, Debt capital markets, Appointments Lender Resimac is targeting self-employed borrowers with rate and fee cuts to its Prime Alt Doc mortgage range. The owner-occupier principal and interest rate has been cut 88 basis points to 2.99 per cent. It has waived the risk fee and rolled back some documentation requirements. Resimac general manager of distribution Daniel Carde said many self-employed borrowers were shut out of the market last year, and now that the economy is recovering there is demand from that sector. Credit rating and risk services company Australia Ratings has sold its investment product ratings division, Australia Ratings Analytics, to Foresight Analytics. Australia Ratings managing director Chris Dalton said the company will focus on credit ratings of debt products and related services, such as credit risk training. It is the only ratings agency in Australia licensed to assign credit ratings to debt securities and products offered to retail investors. Fintech Cape has hired former Pepper Money and Westpac executive Tanya Ward as its chief financial officer. The Sydney-based start-up is aiming to with companies on the budgeting, cost management, treasury and cash flow management side of their businesses with a “reinvented” corporate card.