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
While brokers call on lenders and aggregators to allow trail portability, one aggregator has defended the lenders’ stance.
A number of lenders are said to have made bids to acquire around $2bn in loans being sold by Investec.
A major bank recorded a cash profit of $1.73bn in the final quarter of 2013, spurred on by solid lending book growth.
The move to e-conveyancing is on the horizon, and one expert says it will give brokers peace of mind and make the application process smoother.
A commercial construction and property development company has paid a penalty of $33,000 for failing to comply with continuous disclosure obligations.
Westpac has announced the long-time deputy chairman John Curtis will step down from the bank’s board in April.