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
As first home buyer levels continue to sit at record lows in most states, Western Australia has continued to buck the trend.
Overall business confidence saw a sharp increase in the last quarter, while businesses in finance and insurance remain wary.
The MFAA has told an inquiry into ASIC’s performance there is no evidence assertions of “systematic falsifications of details in loan applications” from brokers are true.
A non-bank lender has appointed two new BDMs in Sydney and Adelaide.
The president of an industry body says the recent slew of broker bans brought out by ASIC is not a reflection on members, despite past media hype sullying the industry’s name.
The majors have slammed claims older borrowers are being unfairly denied credit, claiming policies are in place to protect borrowers.