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
Property taxes are a “knee-jerk” reaction from government which serve to put the brakes on the property market while filling government coffers, says a real estate industry leader.
At Australian Broker, we love a bit of healthy discussion... this week's top comment takes on ASIC and mortgage fraud.
ANZ has appointmented an an ex-Coutts and Co. banker as its new head of private banking.
Low interest rates throughout 2013 resulted in significant increases in house and unit transactions over the year.
ASIC has revealed it is currently investigating 20 cases of falsification of loan documents or applications, while stating that fraud by brokers 'will not be tolerated'.
RESIMAC has hit back at reports claiming the company’s focus is on owning distribution channels, stating the non-bank lender will continue to expand its retail broker channel.