AFG and Frollo form alliance to improve mortgage broker experience with Open Banking data
AFG is excited to announce a new agreement with Open Banking provider Frollo, further extending AFG’s focus on investigating Open Banking solutions for brokers and their clients. This deal extends and deepens the existing relationship between the two companies. As one of the most experienced Accredited Data Recipients (ADR) in Australia, Frollo will support AFG […]
AFG & Volt strategic alliance launches Sparc and Handl.
After announcing a strategic investment in neobank Volt earlier this year, AFG has today announced the completion of the first stage of work planned for the alliance. After four months of close collaboration, the teams at AFG and Volt have successfully launched the white labelled AFG Home Loans Sparc product which is accompanied by a […]
November cash rate remains unchanged at 0.10%
While Melbourne Cup Day often brings a surprise, the Reserve Bank’s decision on the official cash rate earlier today contained no surprises, with confirmation the rate will remain at 0.10%. In line with previous commentary, the RBA has confirmed the view that it won’t be rushing into a rate hike, making it abundantly clear it […]
Australian home loan market continues to fire
Australian home loan market has hit new highs as the 2022 financial year gets underway. AFG (ASX:AFG) brokers have lodged a record $24.1 billion in home loan finance for the first three months of the new financial year – almost $6 billion more than in the same period last year. AFG CEO David Bailey outlined […]
AFG successfully completes upsized A$500m RMBS transaction
Australian Finance Group Ltd (ASX: AFG) wholly-owned subsidiary AFG Securities Pty Ltd has successfully priced an upsized A$500m Residential Mortgage Backed Securities (RMBS) issue. The AFG 2021-2 Trust $500 million issue of Australian prime residential mortgages isAFG Securities’ 12th issue since 2013, taking the total paper issued to the market by AFG Securities to A$5.325 […]
RBA reluctant to increase cash rate
At its monthly meeting today, the Reserve Bank has again confirmed the official cash rate will remain at 0.10%. Concerns continue to be expressed that record low interest rates are fuelling a housing boom, increasingly putting property ownership out of the reach of many prospective first home buyers and placing the wider economy at risk […]
AFG partners with Foyer Foundation to tackle youth homelessness
AFG is delighted to announce a landmark sponsorship agreement to become Principal Partner of Foyer Foundation, an independent charitable organisation that works with young Australians at-risk of, or experiencing, homelessness. Foyers are integrated learning and accommodation settings that provide young Australians experiencing disadvantage with a pathway to education, training and employment that is founded on […]
September cash rate remains unchanged at 0.10%
At its monthly meeting today, the Reserve Bank has again confirmed the official cash rate will remain at 0.10%. As the country starts to discuss what post-lockdown life will look like, the focus out of the meeting will be on the RBA’s government bond-buying program. Prior to last month’s meeting it was anticipated that the […]
Supercharging broker experience
We’re stepping up our commitment to supercharge support for AFG brokers with the announcement of a newly created position, Head of Broker Experience. Head of Sales & Distribution Chris Slater said he was delighted to add the role to the AFG Sales Leadership team and announce he was promoting AFG’s Joseph Khal to the role […]
Supporting our Brokers’ Mental Health
Looking after our mental health is an ongoing issue for all our community, and the broking sector is no different. Our brokers are on the frontline supporting their clients through some of the most important decisions they will make, in good times and in bad. The Black Dog Institute estimates that 1 in 6 working-age […]