Newcastle Permanent to supply online lender Athena Home Loans with home loan funding

Newcastle Permanent to supply online lender and "mortgage disruptor" Athena Home Loans with an initial $300 million in home loan funding NEWCASTLE Permanent has joined forces with Athena Home Loans, with the Hunter-founded building society supplying the Sydney-based "mortgage disruptor" an initial $300 million in home loan funding. The Perm, in its 117th year of operations as one of Australia's largest mutual organisations with $11 billion in assets, and the comparatively new online lender Athena announced the strategic partnership in the national home loan market on Wednesday. Under the agreement, Newcastle Permanent will supply Athena with an initial $300 million in home loan funding with the potential for future transactions and a broader partnership. A statement from the Perm said it was able to seize the opportunity when it presented itself due to the organisation's "strong liquidity and capital reserves built over a numb…
Read more
  • 0