Australian Finance Group completes $700 million RMBS issue
Australian Finance Group Ltd (ASX: AFG) has successfully priced its largest transaction to date, completing a $700 million AFG 2020-1 Trust Residential Mortgage Backed Securities (RMBS) issue. AFG Chief Executive Officer David Bailey welcomed the successful transaction at a time of dislocation in the market brought about by the COVID-19 pandemic. “The strong support we […]
RBA’s cash rate for July remains unchanged at 0.25%
The RBA has announced that the cash rate will remain unchanged for July with the rate remaining at 0.25%. The RBA is mindful of rising concerns around unemployment post-JobKeeper, falls in housing and home loan approvals, decreasing property values and decreasing credit growth. The RBA maintains the stance that negative interest rates are not the […]
Brokers called upon as market moves
(ASX:AFG) The AFG Index released today shows the role of broker has never been better illustrated than over the past few months. The dislocation to the economy and the lives of hundreds of thousands of Australian mortgage holders brought about by the COVID-19 pandemic has meant AFG brokers have been a reliable and important avenue […]
AFG appoints industry advocate to NSW team
AFG has strengthened its broker support team with the appointment Haley Bellamy in New South Wales. Haley joins the Partnership Manager team after working for the Institute of Strategic Management. Prior to that Haley was a highly successful mortgage broker and part of the leadership team at one of AFG’s leading groups, Smartmove. Head of […]
AFG expands commercial lender panel
AFG has further enhanced its commercial lender panel with the appointment of asset lender Australian Secure Capital Fund (ASCF) today. Offering fast access to capital ASCF has a suite of private lending first and second mortgage loans together with a unique offering of SMSF and non-resident products. Their short-term loan products can assist business operators […]
Specialty asset finance lender joins AFG panel
AFG has expanded its panel with the addition of specialty asset finance lender Australian Motorcycle & Marine Finance (AMMF) to the AFG Business platform. AFG Head of Sales & Distribution Chris Slater announced the addition in a message to brokers this week. “When a client looks to their broker for finance, they are looking for […]
RBA’s cash rate for June unchanged at 0.25%
The cash rate decision for June has been announced by the RBA with the rate unchanged at 0.25%. The Bank withstood calls for further reductions, with some commentators suggesting negative interest rates remain a future possibility. Whilst the RBA will be mindful of concerns around the rising value of the Australian dollar and its impact […]
AFG training and events pivot during COVID-19
As the COVID-19 crisis began to unfold, AFG’s Learning and Development (L&D) and Events programs switched direction to meet the vital learning and development requirements of the AFG broker network. Supporting brokers with up to date information and ensuring they can maintain their professional development requirements in a virtual world – including attaining CPD points […]
The simple SEO steps to get you started
SEO (Search Engine Optimisation) is all about helping people find your site as easily as possible. Essentially, we are trying to do what we can to work with the Google algorithm. The algorithm is the way that Google programs their search functionality and it decides whether you appear on the first page or not. There […]
RBA cash rate remains unchanged at 0.25%
The cash rate decision for May has been announced by the RBA with the rate unchanged at 0.25%. The Bank has previously signaled it considers the current rate to be the floor, with many analysts predicting it will remain at this level for some time as the economy recovers from the impacts of COVID-19. If […]