Get notifications in real-time for staying up to date with content that matters to you.
Standard and Poor’s has revealed Mobius Financial Services’ mortgage book as one of the nation’s riskiest, reports the Australian Financial Review.
Figures compiled by the ratings agency show that nearly 22 per cent of RMBS issued by Mobius were running in arrears – well above the 12.8 per cent average for the sub-prime sector.
The company’s technical default rate – loans with payments more than three months overdue – was listed at 15.6 per cent in September, far exceeding that of their competitors which averaged 7.2 per cent.
Brokers are driving competition in the mortgages sector and chang...
An SME lender has raised $25 million in equity to fund the ‘rap...
The weekly round-up of the biggest news stories from across Momen...
Join Australia's most informed brokers
Do you know which lenders are providing brokers and their customers with the best service?
Use this monthly data to make informed decisions about which lenders to use. Simply contribute to the survey and we'll send you the results directly to your inbox - completely free!
The number one magazine for mortgage brokers
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
What's the longest time you've been left on hold before getting through to a credit assessor?
