A credit ratings agency has downgraded ratings for 23 financial institutions across Australia
Westpac becomes the first of the five major banks to reveal how much the bank levy will set it back
The proposed levy would be linked to water rates on investment properties with an annual income that exceeds a specific threshold
The bank has introduced a significant three-year discount for owner occupiers taking out a principal and interest loan
A non-major lender is now offering loans up to 85% LVR without LMI
Australia is amidst a severe property bubble and it can’t be ignored, warns Lindsay David, the author of Australia: Boom to Bust. But not everyone is worried.
Despite some concerns over the cash rate remaining at its record low, the Reserve Bank is predicted to keep the official cash rate on hold at 2.5% at its board meeting on Tuesday
Brokers demand greater scrutiny be applied to branch managers and their lending activities, after many experience dubious lending practices by the banks
The credit repair industry has fired back over a COSL release threatening to stop dealing with them
As the deadline for second round submissions to the Financial Services Inquiry closed this week, small banks bound together in their fight for a “level playing field” in the mortgage lending market.