Find out about Pepper announcements, initiatives and media mentions.
This section of our website will be useful for those people who are interested in company announcements and current initiatives.
Pepper welcomes media enquiries and is happy to assist journalists with information about the company, or comment about industry issues. Please contact DEC Communications – (02) 8014 5033.
Pepper Australia Pty Limited (trading as Pepper Homeloans) and Joint Lead Managers, National Australia Bank and Commonwealth Bank of Australia today confirmed that they have priced the Pepper Residential Securities Trust No. 9 (PRS9) A$300 million non-conforming mortgage issue.
Pepper Australia (“Pepper”) today (16 April 2012) announced it is extending its residential mortgage product suite, offering greater lending options to brokers and the specialist lending market.
Pepper has also expanded its sales team over the past 12 months, increasing the team from four, to a sales team of 14 across the country.
Specialist mortgage lender, Pepper Australia, has opened a mortgage servicing centre in Parramatta. The state of the art facility will house an 80 strong team, as well as providing an employee training and development facility for the expanding national organisation.
Some fantastic news to end what has been a milestone year for Pepper... Standard & Poor’s has publicly announced an upgrade of Pepper’s ranking as a residential loan servicer from “ABOVE AVERAGE” to “STRONG”, being the highest possible ranking for loan servicers included on S&P’s Global Select Servicer List.
Pepper Australia Pty Limited (“Pepper”) has today announced that it has exercised its call option (“the call”) on the Pepper Residential Securities Trust No.6 (“PRS6”). The call was fully funded and completed on 15 December 2011. The total loan portfolio held within PRS6 at the call date was approximately $118 million. This is the third call option exercised by Pepper since commencement of the Global Financial Crisis (GFC) in 2007, having previously called its Pepper Residential Securities Trust No.4 (“PRS4”) in April 2008 and Pepper Residential Securities Trust No.5 (“PRS5”) in July 2010. As is the case with PRS6, each of these calls were made on the first eligible Payment Date.
Pepper Homeloans priced its A$300 million securitisation on Friday, marking the first non-conforming mortgage-back securities transaction in the Australian market since late last year.
Suggesting the specialist lending market is alive and well, Pepper Australia has added two new home loans to its suite of residential mortgage products.
Pepper Flexi Advantage PLUS and Pepper Self-Employed Advantage PLUS are extensions to Pepper’s established residential mortgage offerings, and were created in response to increased demand from brokers.
Pepper Home Loans has said its new promotion to beat competitors' rates will not add undue time in processing applications and would leave clients better off.
The lender's "Give Pepper a Crack" campaign has encouraged brokers to shop a deal to Pepper once it has been unconditionally approved by another lender, and has vowed to beat competitor's rates. Pepper director of sales and distribution Mario Rehayem told Australian BrokerNews sending the deal to Pepper would not significantly prolong the time clients wait for approval.
In a bid to boost business, Pepper has launched a new promotion that will encourage brokers to give the lender "a crack".
As an incentive to 'give Pepper a crack', for a limited time, Pepper will beat the variable interest rate offered by a specialist or non-conforming lender on any unconditionally approved home loan.
To qualify for the offer, the unconditional approval needs to be less than 30 days old and for a similar home loan product to those offered by Pepper.
Ratings agency Standard & Poor’s has boosted Pepper’s overall ranking in recognition of the company’s strong performance in the sub-prime residential mortgage space.