Despite concerns over the government’s new mortgage regulations one lender wants to reassure brokers that it remains positive about the year ahead.
First National Financial said Tuesday that the changes will have little material impact on its business and that its business model will continue albeit with some revisions to certain product offerings.
“First National’s business model and diversified mortgage lending activities and sources of funding provide all the strength and flexibility we need to respond effectively in the coming months to the Federal Government’s new policy directions,” said Stephen Smith, Chairman and Chief Executive Officer.
Addressing concerns among mortgage brokers directly, Mr Smith added: “Our very clear message to our partners in the
mortgage broker channel is that we are open for business and are looking forward to another year of good performance.”
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