The figures also show the average home loan value has increased
“[We] will continue to service this borrower type well into the future.”
The data showed a historic low for May’s non-conforming loan arrears
The non-major has announced it is closing more than two-thirds of its east coast branches
At Australian Broker, we love a bit of healthy discussion. This week, we look at some grey areas in ASIC's guidelines.
RP Data has today announced a new partnership designed to put the Australian mortgage industry at the forefront of the digital revolution.
As property prices continue to rise and lenders fight for market share, borrowers are increasingly opting for loans with terms of up to 40 years – and brokers are being warned to be cautious.
ASIC has called for harsher penalties in the financial services sector to help remove ‘bad apples’ from the industry.
As brokers complain of unfair age-based policies by lenders , a recent decision should give clarity around lending to older borrowers.
A major bank has slashed its two- and three-year fixed-rate loans.