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
Growing business confidence means the number of businesses looking to access finance are at their highest levels in two years - but interest rate rises loom on the horizon.
The previous two major financial system inquiries categorically failed to address competition issues in the nation’s banking sector, say leading economists.
The number of property listings fell in most states in 2013, with Darwin and Sydney recording the biggest yearly change.
The government has kicked the New Year off with a wave of new regulation, while simultaneously reducing small business superannuation compliance.
Declining market share has seen competition heat up between the majors, leading to greater incentives for brokers and their clients – as well as commission hikes.
Mounting regulation and tightening margins have pushed a growing number of financial planners to try their hand at broking.