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Lender ramps up home lending scrutiny
COVID-induced crackdowns on home loan serviceability have continued with yet another lender reducing its risk appetite.
LENDER • Sun, 19 Jul 2020
ASIC reports spike in misconduct claims
The corporate regulator is ramping up efforts to curb misconduct in the financial services sector amid a rise in complaints from consumers since the onset of the COVID-19 ...
COMPLIANCE • Wed, 15 Jul 2020
ANZ falls from grace in broker space
A considerable decline in the major bank’s favourability among brokers has coincided with a continued blowout in the lender’s turnaround times, new data has revealed
BROKER • Sun, 12 Jul 2020
Mortgage approvals take record hit
The full impact of the COVID-19 crisis has been reflected in the latest home loan approval data, with sharp falls in both owner-occupied and investor lending activity.
BORROWER • Thu, 09 Jul 2020
Banks to extend loan repayment holidays
Borrowers will be “breathing a sigh of relief” after the banking sector announced it would extend loan deferral periods for distressed customers.
LENDER • Wed, 08 Jul 2020
ANZ, CBA win half of AFG broker lodgements
The two major banks processed half of all home loans lodgements originated by brokers over the past quarter, new AFG data has revealed.
BROKER • Tue, 07 Jul 2020
RBA stance unchanged despite looming ‘shock’
The Reserve Bank’s monetary policy remains unchanged despite growing fears of a “serious shock” to the economy following the expiry of relief measures in September
BORROWER • Tue, 07 Jul 2020
Major bank overhauls guarantor policy
A big four bank has broadened the list of acceptable family members and loan purposes under its guarantee policy for mortgage applications.
LENDER • Mon, 06 Jul 2020
Approval lags, credit crunch chief pain points among brokers
Lags in the loan application process and credit policy tightening from lenders have been cited as the key concerns among mortgage brokers over the coming year, according ...
BROKER • Sun, 05 Jul 2020