The move comes at a time when “PAYG and credit impaired customers are affected by the tightening criteria of traditional lenders”.
The measure was introduced in 2014 to help reduce higher risk lending and improve practices
Analysts have looked at recent documents on a review of Westpac's mortgage serviceability requirements
One property expert predicts a benefit for housing investors as banks slash rates
The last of the big four has announced its interest rate decision
Two years on from its acquisition of GE Capital's Australian mortgage portfolio, Pepper's risk appears to be paying off
One of Australia's credit unions has announced a 0.25% cut to its entire range of variable home loans
Troubled LM First Mortgage Income Fund has had its voluntary administrators ousted and a new receiver put in place following ASIC accusations
From mid-September, first home buyers purchasing new dwellings in one state will be eligible for a $10,000 grant
The MFAA's had to expel 50% fewer brokers this year, but CEO Phil Naylor says the organisation remains 'vigilant in weeding out rotten apples'