Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Capital First sells $620 million loan book to Firstfolio

 

 

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Capital First sells $620 million loan book to Firstfolio

Staff Reporter 1 minute read

Capital First has completed its transition to a non-conforming lender, agreeing to sell its $620 million prime portfolio to ASX-listed mortgage and financial services group Firstfolio.

Capital First says the sale was a strategic move that will allow it to focus on its non-conforming product range.

The addition of Capital First’s loan book will take Firstfolio’s loan portfolio to $7.8 billion – placing the group amongst Australia’s 10 largest non-bank mortgage managers/aggregators.

Advertisement
Advertisement
Capital First has completed its transition to a non-conforming lender, agreeing to sell its $620 million prime portfolio to ASX-listed mortgage and financial services group Firstfolio.

Capital First says the sale was a strategic move that will allow it to focus on its non-conforming product range.

The addition of Capital First’s loan book will take Firstfolio’s loan portfolio to $7.8 billion – placing the group amongst Australia’s 10 largest non-bank mortgage managers/aggregators.

Capital First sells $620 million loan book to Firstfolio
default
TheAdviser logo
default
FROM THE WEB
more from the adviser
Brokers buoyed by shift in mortgage landscape

Political and regulatory developments are conspiring in favour of...

Westpac amends residential lending policy

The major bank and its subsidiaries have made changes to their re...

Lack of home ownership disadvantaging Gen Y SMEs

The low level of home ownership among younger age groups has play...