What’s up, Doc?
Posted by David Holmes on Jun 25, 2012
Recent negative headlines around low doc loan practices are certainly causing Australians to sit up and take notice.
Low doc loans exist to service a significant demographic across Australia – namely, small business owners and the self-employed. There is ever-increasing demand for this type of lending but the stigma of low doc loans still abounds and I feel more needs to be done to educate the public on the evolution of low doc loans and the security offered to this type of borrower.
Demystifying Interest Rates
Posted by Patrick Tuttle on May 18, 2012
With the Reserve Bank of Australia’s recent 50 basis point reduction in the cash rate still ringing in our ears, it’s interesting to note the comments made by RBA governor, Glenn Stevens, around the increasing separation between the RBA’s cash rate and the mortgage interest rates set by the market, including major banks, regional banks and other non-bank lenders. In my opinion, this acknowledgement is well overdue.
2012 Competitive Outlook For Non-Bank Lenders - Bring It On!
Posted by Patrick Tuttle on Jan 20, 2012
As we all start hitting the office again after (hopefully) a good recharge over the traditional Christmas / New Year break, all of us at Pepper are literally beginning a new chapter in our Company's evolution.
On 16 January, we officially took control of GE Capital's former home lending portfolio in both Australia and New Zealand. In terms of total loan assets under management, Pepper is now one of Australia's largest non-bank lenders, possibly the largest. Certainly our balance sheet is now larger than the vast majority of regionally based credit unions and building societies.
For this reason, Pepper has decided to be more vocal in 2012 about issues facing both the non-bank lending sector and, more generally, the competitive landscape for lending to consumers and small business in Australia.