The major bank has shifted its rates on owner occupier and investment fixed loans across both principal & interest and interest only
The FBAA has raised concerns at a Senate inquiry about lenders linking broker accreditation to a set number of loans written
Inconsistency among broker vetting by the banks could put lenders at financial risk, says one credit expert
The regulator has suggested lenders create more efficient systems to collate data on broker loans and commissions
Challenger Mortgage Management has welcomed the deletion of the proposed section 130 (3) of the National Credit Protection Bill.
The Rock Building society will raise up to $5million to bolster its capital position as its second-largest shareholder pushes to replace two directors, according to a report in The Australian Financial Review.
The highlight event of the mortgage industry calendar, the Australian Mortgage Awards, is now sold out.
Bank of Queensland "has a case to answer" over its lending practices to clients of Storm Financial.
Heritage Building Society announced the launch of an ASX listed subordinated debt transaction to raise approximately $30 million - with the ability to raise more or less, according to a report in The Australian Financial Review.
The mortgage market in the UK was reined in somewhat by the introduction of regulation, but it was the GFC that hurt it the most, according to Ray Boulger from UK broker group John Charcol