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Lender pulls investment product
A non-major has announced the withdrawal of an investment product due to “low demand” from customers.
LENDER • Thu, 06 Feb 2020
Lender launches loan with repayment-free term
Non-bank lender Latitude Financial has rolled out a new personal loan offering with a repayment-free window.
LENDER • Wed, 05 Feb 2020
Cash rate still heading south despite upbeat RBA: AMP
The Reserve Bank will proceed with its monetary policy easing strategy despite maintaining a “surprisingly” positive outlook for economic growth, according to one ...
GROWTH • Wed, 05 Feb 2020
Government proposes new ACL obligations
The government is consulting on a new bill designed to impose additional information-sharing obligations on credit licensees, including reference checks for mortgage ...
COMPLIANCE • Fri, 31 Jan 2020
Average loan sizes jump in tandem with home values
The rebound in residential property prices has triggered increases of up to 9.3 per cent to the average size of a broker-originated home loan, new data has revealed.
BROKER • Thu, 30 Jan 2020
Non-majors take majority share of investor loans
For the first time in recorded history, more than half of broker-originated investment home loans have been lodged with non-major lenders, new data has revealed.
BORROWER • Tue, 28 Jan 2020
Mortgage Choice veteran joins Purple Circle
The boutique aggregator has announced the appointment of Mortgage Choice’s former head of lending operations.
AGGREGATOR • Tue, 28 Jan 2020
Bank drops mortgage rates by up to 125 bps
A non-major has slashed home loan rates across both its owner-occupied and investment products.
LENDER • Mon, 27 Jan 2020
CBA slips up in broker space as peers recover
Australia’s largest home lender has lost ground in the broker channel to its big four rivals, according to new data.
BROKER • Thu, 23 Jan 2020