Browse by Category
Browse by Company
Product News

Standard & Poor's Rating Services

Standard & Poor's Rating Services
Level 37 120 Collins St
Melbourne 3000
Tel: (03) 96312000
Fax: 03 9650 9747

Supplier´s Website
Enquire now

Incorrect details?

close

Enquire NowVisit Website

S&P affirms above average Residential Loan Servicer ranking on FirstMac


Standard & Poor's Ratings Services  has affirmed its ABOVE AVERAGE residential loan servicer ranking on Australian servicer FirstMac. The servicer ranking outlook is stable. FirstMac remains on Standard & Poor’s global select servicer list.

The ranking reflects the strength of FirstMac’s fully integrated, web-enabled, and technology-based loan origination, underwriting, and servicing platform. The platform provides end-to-end processing configured around clearly defined processes and workflows. Technology is integral to the loan-servicing platform, which is supported by well-resourced IT teams and a strong change management focus.

FirstMac services on behalf of originator managers and private label clients. It also performs servicing functions for residential loans it sources from brokers and aggregators.

FirstMac supports its servicing operations through sophisticated technology and well-resourced customer service support teams.

All loan-servicing functions are carried out in an automated environment. FirstMac has shown that they have had sufficient capacity to support growth in the last 12 months, which includes the A$2.2bn acquisition of HSBC broker-originated mortgage assets it began servicing in April 2007.

30-Aug-2007
Send to a friend | Standard & Poor's Rating Services Website

Contact Standard & Poor's Rating Services

Name:
Company Name:
Contact Number:
Email Address:
Your State:
Your Message:

Please uncheck this box if you don't want to receive the latest product updates in Moneybits Weekly Product News, Moneybits's weekly eNewsletter.

does not match
 
Your contact details will be passed onto this company ( see our Privacy Policy )
More Articles

Standard & Poor's Rating Services News


Rating on MARAC Finance unchanged following fiscal 2007 results (4-Sep-2007)
Standard & Poor's Ratings Services said that its BBB-/Stable/A-3 counterparty credit ratings on New Zealand finance company MARAC Finance remain unchanged, following MARAC Finance’s announcement of a 7.4% increase in net profit after tax in fiscal 2007 to NZ$24.9m.

S&P rating on South Canterbury Finance unchanged after strong operating performance (30-Aug-2007)
Standard & Poor's Ratings Services said that its BBB-/Stable/A-3 counterparty credit ratings on New Zealand finance company South Canterbury Finance Ltd. (SCF) remain unchanged, following SCF’s announcement of a strong 29% increase in pre-tax profit in fiscal 2007 to NZ$51m.

Rating on TSB Bank revised to positive (30-Aug-2007)
Standard & Poor's Ratings Services revised its rating outlook on New Zealand-based TSB Bank (TSB; BBB/Positive/A-2) to positive from stable, reflecting the bank’s resilient earnings profile and strong ability to manage and withstand market downturns.

S&P rating remains unchanged on Contact Energy after fiscal 2007 results (29-Aug-2007)
Standard & Poor’s Ratings Services said that its ratings and outlook on Contact Energy (Contact; BBB/Stable/A-2) remain unchanged after Contact’s fiscal 2007 financial results, which were consistent with its expectations.

News Sign up View all  |  RSS Feed

Related Articles

PIMCO reports return of its former Managing Director and Senior Portfolio Manager (16-Oct-2007)
PIMCO has reported that its former Managing Director and Senior Portfolio Manager, Mohamed El-Erian will rejoin the company as the Managing Director and Co-CEO and Co-CIO in January 2008.

FPA launches online training courses in Anti-Money Laundering and Counter Terrorism Financing (16-Oct-2007)
Financial Planning Association (FPA) has launched online training courses in Anti-Money Laundering (AML) and Counter Terrorism Financing (CTF).

FPA 2007 National Conference receives huge response from financial planning practitioners (16-Oct-2007)
Financial Planning Association (FPA) announced that almost three-quarters of registrations received until 25 September 2007 for the FPA 2007 National Conference come from financial planning practitioners and the percentage of registration for the conference was 71%, up from 61% last year.

Professor Michael Sherris receives Actuary of the Year 2007 award (16-Oct-2007)
The Institute of Actuaries of Australia presented Actuary of the Year 2007 award to Professor Michael Sherris at the Biennial Convention 2007 ‘Adventures in Risk’ in New Zealand.

Datamonitor report that rising prices does not discourage Australian first home buyers (4-Sep-2007)
A report by independent market analyst Datamonitor shows that lending commitments to first home owner-occupiers have grown from AUD$17.1bn in 2003 to AUD$29.2bn in 2006, and are forecasted to increase to AUD$45.9bn in 2011.

Explore Similar Sections
Product Newsletter
Coming Soon! Weekly updates on the latest industry products

About Moneybits
  • Contains Contact Details for over 500 Financial Sector Businesses
  • Keeps you up to date with the latest Financial news from around Australia
  • Delivers sales enquiries direct to your business

Add My Business

Access over 2000 Financial and Investment jobs online!