The RESIMAC Blog - RESIMAC Limited

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Posted By RESIMAC At 3:27 PM |
Monday, 23 August 2010

Last week the Reserve Bank released the minutes of its August meeting where it concluded that the existing level of the cash rate remains appropriate and decided to leave it unchanged for the time being. Some have taken this to denote that interest rates will not change anytime soon. What do you think? Will the election result have any impact on rates in terms of movements by the banks?

RBA leaves cash rate unchanged...

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Posted By RESIMAC At 3:29 PM |
Tuesday, 6 July 2010

At its meeting today, the Board decided to leave the cash rate unchanged at 4.5%.

Click below for full statement

http://www.rba.gov.au/media-releases/2010/mr-10-12.html

RESIMAC'S Director of Securitisation discusses market developments.

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Posted By RESIMAC At 12:58 PM |
Tuesday, 22 June 2010

As concern grows about European debt problems, issuance markets in Australia reflect the fears of global investors.

But despite the recovery stalling due to risk aversion RESIMAC’s Director of Securitisation, Mary Ploughman says she is “incredibly optimistic” about a return of the securitisation markets.

Ploughman told Lending Central that the experience of RESIMAC shows that markets are continuing to thaw.

RBA hold interest rate

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Posted By RESIMAC At 2:55 PM |
Tuesday, 1 June 2010

At its meeting today, the Reserve Bank of Australia Board decided to leave the cash rate unchanged at 4.5 per cent.

For the full sttment from the RBA, please follow this link:

http://www.rba.gov.au/media-releases/2010/mr-10-11.html

NCCP Legislation

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Posted By RESIMAC At 8:58 AM |

Effective from the 1st July 2010, the Federal Government has introduced new legislation, National Consumer Credit Protection Legislation (NCCP), regulating the provision of consumer loans and leases.

The legislation applies to anyone involved in the credit cycle so it now covers mortgage brokers as well as credit providers.

Please feel free to let us know your thoughts on this development, how it will affect the industry as a whole and its impact on the way you do business.

MFAA Conference

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Posted By RESIMAC At 4:43 PM |
Friday, 28 May 2010

A big thank you to all our mortgage managers who paid a visit to the RESIMAC stand at the MFAA confrence last week.

We hope you found it valuable, and we look forward to seeing you over the coming months. If you have any questions or need any information in the meantime, please contact your RESIMAC BDM

RBA raise interest rates

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Posted By RESIMAC At 3:41 PM |
Tuesday, 4 May 2010

The 6th rate rise since September 2009 increases the interest rate by 0.25% to 4.50%. Click below for the full statement from the RBA.

http://www.rba.gov.au/media-releases/2010/mr-10-07.html

Receivables Finance Distribution Arrangement

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Posted By RESIMAC At 4:37 PM |
Thursday, 15 April 2010

RESIMAC announced a partnership to distribute Receivables Finance products with Coface Finance Australia, a world leading provider of trade credit management services. Receivables Finance improves cash flow for Australian businesses by providing instant funds against the value of outstanding invoices, incorporating the protection afforded by the Trade Credit Insurance services of Coface. This initiative offers RESIMAC's third party intermediaries the opportunity to diversify and grow their revenue through auxiliary product offerings. RESIMAC will distribute this product through its services business Capel Court Financial Services which provides a number of key benefits to its brokers, including loan packaging, contact centre services, and access to a range of loan products from a variety of lenders.

What is the most important factor in determining a home loan provider?

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Posted By RESIMAC At 5:14 PM |
Monday, 1 February 2010

Recent times have seen borrowers shift the importance they place on the characteristics of a loan and the lender. What do you see as the most important factors to choosing a loan and/or lender?

Open BLOG on the topic you wish to discuss

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Posted By RESIMAC At 9:20 AM |
Wednesday, 9 December 2009

If you wish to discuss a topic that is not open as a separate BLOG, then feel free to use this 'Open BLOG' to provide your comments. (Should the content become extensive we will copy the content into separate BLOGs).

What do you think of the new RESIMAC website?

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Posted By RESIMAC At 9:02 AM |
Friday, 23 October 2009

It has been long overdue and we are pleased to be able to have for you a new and improved internet site which includes a new suite of mortgage calculators, BLOG capability, and all Prime and Specialist Lending documentation in the one spot. Let us know what you think.

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