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
AMP's $500m deal with one of Japan's largest banks is a cautious entrance to the market from the overseas lender, say industry leaders.
The latest proposal to introduce a new Government-backed equity release scheme is unnecessarily complex and expensive, says a financial planner and retirement planning specialist.
Australian lenders saw profits soar by nearly 20% in the last year - and non-majors are driving the charge.
ANZ bank has boosted its satisfaction rating amongst business customers in the past two months, leaving NAB trailing behind.
The MFAA's train-the-mentor program has been relaunched with a lower cost and a shorter time frame.
This year COSL received three times as many complaints about LMIs compared to previous years, and one industry association is calling for "major reforms".