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 […]
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 […]
Accelerating our commitment to environmental sustainability
As our community tackles the challenges of climate change, the reduction of carbon emissions is a shared responsibility. AFG has taken a number of steps to measure, reduce, and compensate for unavoidable emissions generated by our business. In May 2021, AFG engaged with Carbon Neutral, a market leading Australian carbon offset provider to carry out […]
Mark Hewitt recognised in Mortgage Global 100 List
AFG is proud to announce that AFG General Manager Industry & Partnership Development, Mark Hewitt, has been named in the second annual Global 100 list. Spanning the US, Canada, Australia, New Zealand and the UK, the Global 100 recognises leaders making a difference in today’s market through the achievements of their own companies, industry associations […]
AFG successfully completes inaugural $500 million Non-Conforming RMBS issue
Australian Finance Group Ltd’s (ASX: AFG) wholly-owned subsidiary AFG Securities Pty Ltd (“AFG Securities”) has successfully priced its inaugural non-conforming Residential Mortgage Backed Securities (“RMBS”) transaction. The AFG 2020-1NC Trust $500 million issue is AFG Securities tenth issue since 2013, taking the total paper issued to the market by AFG Securities to $4.075 billion. This […]
AFG and Connective announce merger
Australian Finance Group Ltd (ASX:AFG) has entered into a binding conditional implementation deed to merge with the mortgage aggregation business of Connective Group Pty Ltd. Connective has a network of over 3,600 brokers across five states with a panel of more than 50 lenders. The combined group will create a significant national mortgage distribution network, […]
David Bailey speaks at Parliament House Forum in Canberra
Today industry, government and consumers came together at Parliament House for a forum discussion about issues affecting the housing industry, including changes to broker remuneration and the ALP’s proposed changes to negative gearing and capital gains tax. I was invited by Senator Zed Seselja, Assistant Minister for Treasury and Finance, to be part of a […]
AFG warns homebuyers will pay more if competition in home loan market is eroded
Australian Finance Group Ltd (AFG) said the Federal Government’s public acknowledgement of the importance of competition in the home loan sector directly recognises the benefits mortgage brokers bring to consumers. AFG welcomes the Government’s support for the industry and the need to protect competition in Australia’s home lending market. In its response to the final […]
AFG response to the Interim Report of the Royal Commission into Misconduct in the Banking, Superannuation and the Financial Services Industry
Last Friday AFG provided our response to the Royal Commission’s Interim Report. We are of the view that the erosion of public confidence in the major banks and their failure to meet community expectations is inextricably linked to the immense market power that they wield. We have told the commission the competitive tension delivered by a viable […]
It’s SMART business
The Australian broking landscape is changing. We’re seeing an unprecedented shift in AFG brokers broadening their capabilities to offer commercial finance. It’s no surprise, the commercial lending market is worth $39 billion per month, and yet brokers have volumes  below 10% of the market. It’s time to get cracking and make your mark in this […]