The bank has also followed suit by reducing rates for its principal and interest loans for owner occupiers
The group has also entered into a strategic mortgage broking partnership with one of the big four banks
In response to this, the ACCC has revealed a new taskforce that will closely monitor bank decisions in the future
With nominations for the industry’s leading mortgage awards closing this Friday, submit your entry to stand amongst Australia's broking greats
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.
The much-hyped entry of a Japanese bank into the Australian market may not go ahead, as the bank announces the closure of its Australian office.
One LMI provider has recorded a substantial profit this year, while another was only just in the black.
While housing growth in capital cities such as Sydney and Melbourne has been in the spotlight lately, figures show rural areas are seeing higher demand and strong price growth.
ASIC has permanently banned two Sydney-based brokers and one former mortgage broker while announcing the conviction of another.