Australian banks could benefit from the shift to negative interest rates in Europe, as more investors are driven towards overseas lenders’ bonds
Overall mortgage volumes fell 9% from March to April, new figures show
Non-bank lender Resimac has acquired 100% shares of an award-winning national mortgage company
Non-bank lenders are increasingly relying on the residential mortgage-backed securities market for funding, with an aggregator and lender both raising $300 million yesterday
Most lenders are holding their tongues on their justification for clawbacks, but one non-major has said it is willing to discuss change
One non-bank lender is waiving risk fees on all specialist lending products with an LVR of 70% or less.