Extended criteria to make homes more affordable
South Australian home buyers will have access to more affordable loans after the State Government announced extended criteria and a higher loan limit for Advantage Loan borrowers.
Inquiry probes stability pacts
David Murray has questioned whether stability pacts hinder competition in the Australian banking sector, and has promised the upcoming Financial System Inquiry will explore the issue.
Brokers wary of ‘fairweather’ banks
The decision of some banks to leave the broker channel during the GFC has left many cautious about dealing with them again, despite reassurances the banks are here to stay.
New product to break broker/planner info silos
Rubik Financial has announced the launch of a new product designed to facilitate brokers and financial planners working closer together.
Fat home deposits boost CBA coffers
Tight lending criteria and soaring house prices have left first home buyers with no choice but to save up hefty deposits – and CBA is reaping the benefits.
COSL to handle complaints under new privacy laws
With sweeping Privacy Act changes to come into effect in less than a month, COSL has announced it has been appointed to handle privacy and credit reporting complaints.