One bank is reported to be clipping the discretion of frontline assessors
Aussies can keep up with their home loan repayments when interest rates rise, says ratings agency
The non-major is not prioritising one channel over another
The Brisbane-based company promises first home buyers loans with minimal deposit
The broker industry has undergone a raft of changes in the last five years, and brokers and banks need to work together to ensure customers receive the best possible service, says NAB head of broker distribution Steve Kane.
A top NAB exec has taken a swipe at the bank's competitors for “aggressive” tactics designed to gain market share.
Following a Melbourne broker’s ban for failing to verify documents, lenders and aggregators have been called on to help brokers meet ASIC requirements.
Multiple brands, misleading advertising and clawback provisions are stifling competition in the industry and causing confusion amongst consumers, says the former CEO of a broker association.
ASIC chairman Greg Medcraft is meeting with industry groups to spruik the idea of a business levy to help fund the regulator.
The RBA looks set to keep interest rates at record lows for the foreseeable future following minutes from its most recent board meeting.