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Fixed rate demand jumps as variable rates rise
A rise in demand for fixed rate home loans has coincided with out-of-cycle variable rate hikes from lenders,with NAB the latest bank to lift rates.
GROWTH • Mon, 28 Jan 2019
Lenders ‘poaching’ refinancers as competition intensifies
Refinancing applications are set to continue rising, with lenders increasingly targeting existing clients from competitors amid heightened scrutiny over new loans, ...
LENDER • Thu, 24 Jan 2019
Sydney downturn ‘sharpest in over two decades’
House prices in Sydney have slumped 11.4 per cent since their peak, according to a Domain analysis, with a “deeper” than expected national slowdown now expected.
GROWTH • Thu, 24 Jan 2019
Call for cool heads as RC report looms
Brokers have been urged to remain calm following the release of the financial services royal commission’s final report, irrespective of Commissioner Hayne’s ...
COMPLIANCE • Wed, 23 Jan 2019
Complex credit space heightening broker favourability
Record-breaking growth in broker market share has been driven by a renewed appreciation of the services offered by brokers in a complex credit environment, according to a ...
BROKER • Tue, 22 Jan 2019
FBAA head to lead charity on relief mission
Managing director of the FBAA Peter White is on a mission to provide parents and carers of special needs children with hardship relief, funded by donations from the ...
BROKER • Tue, 22 Jan 2019
Lender cuts buffer rate but tightens expense checks
A West Australia-based lender has announced changes to its home loan assessment policy following a review of its credit risk controls.
LENDER • Mon, 21 Jan 2019
Financial stress affecting 2 in 5 employees
Approximately 40 per cent of Australian employees are experiencing financial stress, costing businesses an estimated $31.1 billion, according to new research from AMP.
LENDER • Mon, 21 Jan 2019
Market share growth testament to broker value
The third-party industry has reacted to the news that broker market share has risen to 59.1 per cent, noting that borrowers have “voted with their feet” against “drastic ...
BROKER • Wed, 16 Jan 2019