If lenders opt to pay lower commissions, one major franchise could be heavily impacted due to its remuneration model
The major lender has chosen to once more accept refinancing applications for P&I loans following APRA’s tighter IO guidelines
The non-bank’s third transaction in the past 12 months correlates with a growing market presence for the firm
The second tier bank wants to become the intermediated bank of choice with brokers and financial advisers
Brokers are calling for further competition in the LMI space as premiums continue to rise, while LMI providers have defended the price hikes.
Westpac chairman Lindsay Maxstead has cautioned against the 'extraordinary wave of regulation' impacting the finance sector in the face of a fresh round of banking regulations.
ANZ has kept its home loan variable interest rate unchanged, while announcing it will no longer include business loans in its monthly interest rate review.
Non-bank lenders have more than doubled the growth rate of banks, but industry bodies say competition between the big four is not strong enough.
The real estate industry has welcomed the decision to scrap a proposed national licensing reform.
Following a real estate professional’s criticism of low minimum standards amongst agents, brokers have questioned whether their own industry is really any better.