Get notifications in real-time for staying up to date with content that matters to you.
The number of households suffering mortgage stress has fallen from a peak of 900,000 in August 2008 to 546,000 in May, according to Fujitsu Consulting.
The decrease follows the federal government’s move to support stressed borrowers through offering a 12-month grace period on loan repayments for homeowners that lose their job – which requires surety from the banks that the borrower will be able to meet future repayments.
Statistics from the Supreme Court show Victoria is currently the most affected by mortgage stress, with the number of applications to repossess properties rising to 3,068 in the year to June 30 from 2,797 the year before.
The business lender has rolled out a new broker platform, as it h...
Brokers are key to holding lenders to account to ensure borrowers...
The aggregation group has announced a new arrangement with a spec...
Join Australia's most informed brokers
Do you know which lenders are providing brokers and their customers with the best service?
Use this monthly data to make informed decisions about which lenders to use. Simply contribute to the survey and we'll send you the results directly to your inbox - completely free!
The number one magazine for mortgage brokers
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
What's the longest time you've been left on hold before getting through to a credit assessor?
