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Borrower
AFM appoints new head of mortgage distribution
by Reporter • 17 Jul 2018
The mortgage manager has announced that it has appointed a former Future Financial and Better Choice Home...
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IO borrowers increasingly turning to friends for finance
by Reporter • 12 Jul 2018
Interest-only mortgagors are generally wealthier and have a higher risk appetite than other mortgagors, but they are...
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‘Impractical’ credit rules could victimise borrowers
by James Mitchell • 11 Jul 2018
A leading mortgage broker has warned that the increasingly impractical nature of bank credit decisions could be...
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Bank grilled over seizure of farmer’s home
by Reporter • 29 Jun 2018
The financial services royal commission has revealed that the big four bank forced the sale of an intergenerational...
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Investors abandon interest-only loans
by Reporter • 28 Jun 2018
New APRA data shows that at least half of all new investor borrowers are taking out loans with principal and interest...
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ANZ sells SME banking business
by Reporter • 27 Jun 2018
The major bank has announced that it has entered into an agreement to sell its retail, commercial and small- to...
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Businesses digging deep as bank fees soar
by • 22 Jun 2018
Businesses contributed a much larger proportion of fees to banks than households in 2017, the latest figures from the...
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Future credit tightening to be ‘modest’: RBA
by Reporter • 21 Jun 2018
The central bank has noted the recent fall in home loan approvals, driven by tighter credit conditions, and is...
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Former credit rep permanently banned
by Reporter • 18 Jun 2018
The sole director of a Cairns-based car finance provider and brokerage, who has declared bankruptcy off the back of...
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Average mortgage could be $1.45m by 2043
by Reporter • 15 Jun 2018
The median value of Australian houses could reach $2.9 million in the next 25 years, with the average mortgage size...
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