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Loan writers could soon face court over selling practices
A leading bank executive has warned that lawyers could soon prey on mortgage professionals as today’s lending standards become unacceptable tomorrow in light of ongoing ...
LENDER • Sun, 19 Jun 2016
CUA makes significant rate cuts
Credit Union Australia (CUA) has announced it is slashing its fixed-rate home loans for both owner-occupiers and investors to complement its variable-rate products.
GROWTH • Thu, 16 Jun 2016
Foreign buyer surcharges threaten NSW growth
A leading accountancy firm has hit back at the NSW government’s plans to charge foreign property buyers a 4 per cent stamp duty, warning that the state risks damaging its ...
GROWTH • Thu, 16 Jun 2016
Fears mount over future of trail commissions
One of the most experienced and respected mortgage professionals in the country has shared his fears over the future of trail commissions as ASIC prepares its report into ...
GROWTH • Wed, 15 Jun 2016
CBA clarifies rate changes
Commonwealth Bank has defended its position on investor mortgage rates following mainstream media reports the group had made pricing cuts and sparked a mortgage war.
LENDER • Wed, 15 Jun 2016
‘Pro-broker’ big four bank dominating third-party flows
One major lender has explained the secret to its success in the third-party channel after a leading aggregator revealed the bank’s dominance in the commercial lending ...
BROKER • Tue, 14 Jun 2016
Brokers could be backing the wrong horse
Mortgage brokers. could be wasting time and money chasing leads in the wrong markets if they decide to specialise in certain deals like refinancing, warns CoreLogic.
BROKER • Mon, 13 Jun 2016
New breed of brokers tapping lucrative market
A group of new-to-industry brokers has found a key point of difference by specialising in an area of lending most brokers have typically ignored.
BROKER • Wed, 08 Jun 2016
Banks to ‘raise rates after federal election’
One aggregator has warned that banks are likely to lift mortgage rates as a result of rising cost of funds and compliance issues, despite predictions of further easing of ...
LENDER • Tue, 07 Jun 2016