Non-Bank Lender

• Ian Rogers

The period CDR participants must hold and share data will be sliced from 7 years to 2 years. read more

• Ian Rogers

Rising arrears and higher charge-offs have Resimac in a bind. read more

• Ian Rogers

Higher margins, lower staff costs and declining charge offs are putting Latitude Financial in a sweet spot. read more

'Firstmac did not have a corporate culture conducive to compliance' a Federal Court judge has found. read more

• Bernard Kellerman

2024 has emerged as the strongest year for securitisation in over a decade, where strong investor demand has driven spreads lower despite high issuance. read more

• Ian Rogers

Resimac Group yesterday said it will be appointing Pete Lirantzis as CEO, effective in the first half of 2025.   read more

• Ian Rogers

Australian Finance Group yesterday announced that it will seek to acquire non-controlling equity stakes across its network of mortgage broking businesses.  read more

• Ian Rogers

Mortgage-backed and asset-backed funding is looking at a record year in 2024. read more

• Ian Rogers

The net profit for Resimac fell to $34.8 million over the year to June 2024 from $66.5 million in FY2023. read more

• Ian Rogers

Non-bank lender humm Group is producing a turnaround featuring rapid growth in receivables and the rollout of a co-funding model that may further propel its now dominant commercial finance business. read more

• Ian Rogers

Non-bank lender Resimac is on the hunt for a new permanent chief executive, following the resignation of Scott McWilliam as CEO after 21 years of service.     read more

• John Kavanagh

The buyer of non-bank lender Prospa plans to borrow part of the funding needed for this takeover from the target. read more

• John Kavanagh

The Reserve Bank has held the cash rate steady since late last year but lenders have been busy adjusting home loan rates to address competitive and margin management issues, as well as positioning the.. read more

• John Kavanagh

The Australian Finance Industry Association reported that its members provided close to A$2.5 billion of electric vehicle finance in 2023. read more

• John Kavanagh

Shine Lawyers has filed a class action in the Federal Court alleging that Aussie Home Loans sold junk insurance to up to 30,000 customers. read more

• John Kavanagh

A start-up promising to help home buyers bridge the deposit gap has gone into administration, just months after launching its loan. read more

• John Kavanagh

Pepper Money suffered record mortgage book attrition in 2023, at 43.8 per cent, as the intense competitive in the market exposed its relatively high funding costs. read more

• Ian Rogers

A continuing shift in business mix to higher margin lending product, combined with less residential lending punched a deep hole in the profit of Liberty Financial over the December half. read more

• John Kavanagh

The pricing of non-bank issues of residential mortgage-backed securities has tightened since the start of the year, as strong demand for locally issued RMBS and ABS continues. read more

• John Kavanagh

REA Group is struggling to make headway in financial services, a business it has targeted for growth since it acquired broker franchise group Mortgage Choice in 2021. read more