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Borrower
New payments app backed by major banks launches
by Tas Bindi • 1 Jun 2018
Beem It, a new payments app developed by three of the big four banks, has launched quietly on the Apple and Google Play...
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Bankwest business customers ‘forced’ into bankruptcy
by Reporter • 1 Jun 2018
The royal commission has heard that several customers of Bankwest were left in financial distress as a result of the...
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FOS admits its decision on widow’s loan repayments was ‘wrong’
by Tas Bindi • 1 Jun 2018
A representative from the Financial Ombudsman Service (FOS) admitted that he was “wrong” when he ruled that a widow...
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Mortgage industry could face massive class action
by Reporter • 29 May 2018
A massive class action lawsuit is being planned on behalf of “Australian bank customers that have entered into...
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HSBC changes view on Sydney, Melbourne housing outlook
by James Mitchell • 24 May 2018
HSBC Australia has published a revised forecast for Australian house prices after seeing a more abrupt slowdown in...
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Borrowers ‘in the dark’ over LMI
by Reporter • 23 May 2018
Two in five prospective borrowers have admitted that they do not understand lenders mortgage insurance, new research...
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Less than 5% of FHBs use a guarantor to buy a home
by Reporter • 21 May 2018
The vast majority of first home buyers are obtaining their first home loan without a guarantor, but more than a fifth...
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HashChing eyes white label mortgages
by Reporter • 16 May 2018
The mortgage marketplace has launched a crowdfunding campaign in a bid to help facilitate its growth plans, which...
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Mortgage data to fall under Consumer Data Right
by Reporter • 14 May 2018
A new Consumer Data Right will give consumers the right to access and share data that businesses hold about them,...
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Need a letter of credit? Consider the alternatives first
by The invoice Market • 11 May 2018
Promoted by Many small and even medium-sized businesses go through most of their life cycles without ever needing...
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