Two challenger banks have adjusted rates for owner occupiers and investors, following the latest shift by the industry
An overheating property market has given rise to analyst predictions of tough new measures on individual banks
One government-backed first home buyer program has come out on top when it comes to bringing new entrants into the market
Queensland mortgage holders at the bank will receive special financial assistance if they have been affected by the cyclone
Although overall mortgage stress has significantly dropped in March, the latest Fujitsu Consulting Mortgage Stress-O-Meter cautioned first time buyers to exercise caution when entering the market.
BankWest has blamed the rapidly deteriorating economy for its decision to slash 400 staff from its workforce.
Coming to the rescue of defaulting homeowners, the NSW government has sprung a proposal for tighter fire-sale legislation.
A 220-strong franchise group with over 100,000 clients and a loan book of more than $10bn will be created when Smartline and Mortgage Force merge on 1 July.
As banks tighten lending credit criteria in an effort to safeguard themselves from risk, Firstfolio chief said the government needs to step in if it wants to see momentum return to the market.
President of the MFAA, James Symond, has warned the banks that any further changes to commissions would be inappropriate and could kill off the industry.