IO loan renewals will require full income verification soon, says the bank
The non-major hits out at "distorted competition" that disproportionately affects smaller banks
The bank plans to invest $1.5bn a year in technology
Non-majors now account for more than 37% of the group's flows
Brokers dealing with Generation X or Y clients should be aware that younger home loan seekers prefer face-to-face consultation over digital, in the wake of a new report from ING Direct.
Out-of-cycle rate rises have the potential to cause discontent among mortgage holders, with brokers advised to take a measured approach.
Australia's big four banks have moved quickly to state they will not pass the cost of the new ASIC levy on to customers.
Adapting to new digital horizons should be top priority for brokers in the coming years, according to the Deloitte Australia Mortgage Report 2016.
Bendigo Bank and Adelaide Bank are preparing for a push into the big-city residential investment markets this year.
CBA is the latest major bank to increase its restrictions on some home loan applicants with a foreign income.