Lenders have responded to the Reserve Bank’s decision to cut the official cash rate by 25 basis points to 2% yesterday by announcing cuts to their borrowing rates
A non-major has announced its appointment to a newly-created role of general manager broker sales, following the departure of its national broker manager
A non-major lender has cut its three-year fixed home loan rate below 4%
The final FSI submission has been made by four leading regional banks, who have called for competitive neutrality in the banking sector.
The proportion of mortgage settlements represented by brokers will grow to between 51 – 60%, according to a roundtable consisting of eight lenders and aggregators
A non-major lender has lifted its half-year profit by 14%, driven by record home loans settlements and a 175% increase in broker originated loans