Get notifications in real-time for staying up to date with content that matters to you.
Tough capital market conditions have forced Seiza Capital to reduce funding for some products, including low-doc loans.
Jo Parkinson, director of Seiza, told Mortgage Business the boutique funder was “very much still in business”, playing down rumours that the lender had ceased funding new loans.
However Mr Parkinson said Seiza would be prioritising its funds for “higher quality applications” and would focus particularly on its self-managed super fund lending – which he said was prospering.
“It makes sense to write the best loans we can with the funding we have” he said.
Brokers wrote half of FHLDS loans
The latest figures for the FHLDS suggest that brokers assisted in...
Low repayment loan for brokers launches
Specialist lender TrailBlazer Finance has launched a new low repa...
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
Receive breaking news direct to your inbox each day
