Small mortgage blip for Basecorp in tough year; A big target for LifeDirect

After a tough year for the non-bank sector, Basecorp Finance feels fortunate the volume of funds it has lent on mortgages dipped to only $1.1 billion from $1.2 billion in the previous year in the context of what the industry has done. [READ ON]

Wellington-based LifeDirect expects to be writing $1 billion in mortgages every year by 2026 after the merger last month of majority shareholder Mark Solomon’s other businesses Loan Market Capital & Coast and Insurance Market into the parent company. [See here]