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NAB tightens lodgement standards to reduce lags
The major bank has announced a number of changes to its submission standards for loan applications in a bid to “achieve unconditional approval at first touch”.
LENDER • Mon, 15 Jun 2020
Mortgage Choice axed from All Ords
The brokerage is set to be removed from the All Ordinaries index following a review from the ASX.
AGGREGATOR • Sun, 14 Jun 2020
NAB, Westpac lose broker business
A deterioration in the major bank’s assessments processes has coincided with a decline in their share of mortgage applications via the third-party channel, new data has ...
BROKER • Thu, 11 Jun 2020
Broker market share hit by ‘blowout’ in turnaround times
A spike in processing times for mortgage applications has contributed to a decline in the share of broker-originated loans, according to the MFAA’s analysis of new ...
BROKER • Tue, 09 Jun 2020
Deferral customers prematurely resuming repayments: ANZ
One in three mortgage deferral customers has opted to recommence paying down their debt ahead of the expiry of their repayment holidays, ANZ has revealed.
LENDER • Mon, 08 Jun 2020
‘Don’t rush in’: Risks of new housing scheme flagged
Broker support is critical for borrowers looking to capitalise on the government’s new housing grants, Aussie Home Loans has stressed, with observers warning that the ...
BORROWER • Thu, 04 Jun 2020
Major bank overhauls assessment process
A big four bank has bolstered its assessment team and will prioritise “sensitive” loan applications to address a continued blowout in its turnaround times.
LENDER • Tue, 02 Jun 2020
RBA maintains status quo amid calls to consider cuts
The central bank has held the cash rate at its effective lower bound but has been urged to consider negative interest rates to further stimulate the post-COVID economy.
BORROWER • Tue, 02 Jun 2020
Credit growth stunted by dive in business lending
Credit growth has waned as a result of a sharp drop-off in business lending activity following last month’s high, the latest RBA data has revealed.
GROWTH • Sun, 31 May 2020