The bank has raised its home loan rates for investors by 25 basis points citing increasing regulatory and compliance costs
The course is designed to be ‘bank agnostic’ while covering aspects of commercial and small business lending for brokers
While controls such as APRA’s 10% cap seem to have slowed loan growth, one analyst claims the data hides a less positive reality
Since 1986, Australian property values have primarily skyrocketed during times when the Liberal National Party was in power
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.