Mortgage Index – March 2014
STRONGEST FEBRUARY ON RECORD FOR HOME LOANS – BUT FIRST HOME BUYERS DIVE TO FOUR YEAR LOW AFG, Australia’s largest mortgage broker, processed more mortgages last month than for any February on record – a total of $3.7 billion. After a very strong January, the record-breaking February represents a 27% increase on mortgages processed for February […]
Money Myths Busted
Making the most of your money often requires common sense more than a commerce degree. We take a look at five money myths that could be holding you back from greater financial freedom. Let’s bust these money myths! I DON’T EARN ENOUGH TO SAVE A lack of savings generally has less to do with how […]
Mortgage Index – February 2014
RECORDS SMASHED BY NSW INVESTORS IN STRONG JANUARY: LATEST FIGURES 53.4% of all home loans processed in NSW in January were for investors according to AFG, Australia’s largest mortgage broker. This is highest proportion of new mortgages processed for investors in NSW in the six years AFG has been running its monthly Mortgage Index. The continuing […]
AFG recent submission to the ACCC
AFG’s recent submission to the ACCC in regard to the MFAA application for authorisation Download – AFG MFAA application for authorisation
AFG Competition Index January 2014
NON-MAJOR LENDERS TRIPLE MARKET SHARE OF FIXED RATE LOANS TO 42% IN JUST 9 MONTHS Non-major lenders have tripled their market share of new fixed-rate loans according to AFG, Australia’s largest mortgage broker. AFG’s quarterly Competition Index, published today, shows that between February and November 2013, non-major lenders’ share of the fixed rate market soared […]
Mortgage Index – January 2014
SYDNEY INVESTORS DRIVE 19% MORTGAGE GROWTH: LATEST AFG FIGURES The volume of mortgages processed by AFG, Australia’s largest mortgage broker, jumped by 18.9% in the second half of 2013. AFG’s latest Mortgage Index, published today, shows that the company arranged $21.7 billion in home loans during the second half of 2013 compared to $18.3 billion […]
Mortgage Index December 2013
AVERAGE HOME LOANS GROW 8% IN SIX MONTHS AS FIRST HOME BUYERS LEAVE MARKET Worst ever First Home Buyer figure for NSW – 2.8% The average mortgage processed in November was for $436,000 – an 8% increase on the $404,000 figure in May this year, according to AFG, Australia’s largest mortgage broker. November figures from […]
Mortgage Index – November 2013
$4 BILLION RECORD-BREAKER FOR OCTOBER – AFG’S BIGGEST MONTH EVER AFG, Australia’s largest mortgage broker, processed over $4 billion in home loans last month – its biggest month ever, and the first time the company’s national 1,900 brokers have collectively broken through the $4 billion mark. The $4,057 million figure is 12% higher than the […]
AFG appoints Cameron Smith to lead AFG Home Loans Division
AFG, Australia’s largest mortgage aggregator, has appointed Cameron Smith, former Head of Risk in Wholesale Banking at National Australia Bank to the role of General Manager AFG Home Loans. Cameron has been in the banking and finance industry for close to 20 years. His experience in securitisation, portfolio management and risk strategy planning complements the […]
$300 million RMBS deal for AFG
AFG is pleased to announce it has successfully priced its second Residential Mortgage Backed Securities (RMBS) transaction. The AFG 2013-2 Trust priced today with 14 investors both onshore and offshore participating. This is the second RMBS transaction for AFG this year following on from a successful $275 million deal in March. AFG CFO David Bailey […]