Posted in Uncategorized

Mutuals margin erosion threat

Low interest rates in Australia are likely to weigh on domestic lenders’ margins and earnings over the next two years, and mutual ADIs are particularly…

Continue Reading...
Posted in Uncategorized

Major banks to cede mortgage market share

Lenders and mortgage brokers predict the nation’s overall home loan marker to keep expanding this year, although the major banks may lose out.

Continue Reading...
Posted in Uncategorized

Mortgage borrowing capacity is up

In its half-year financial report last week, Commonwealth Bank provided an update on its home loan assessment process. Overall, borrowing capacity is up.

Continue Reading...
Posted in Uncategorized

Comyn says CBA fully compliant with home lending requirements

CBA chief executive Matt Comyn rejects suggestions less rigorous income and expense verification is one reason the bank is growing its share of the home…

Continue Reading...
Posted in Uncategorized

ACCC has issues with AFG Connective merger

The Australian Competition and Consumer Commission has concerns about AFG’s plan to acquire Connective Group.

Continue Reading...
Posted in Uncategorized

Blockage in Suncorp’s broker channel

After increased processing times for broker applications contributed to a contraction in its loan book, Suncorp has made improving the banking division’s performance in the…

Continue Reading...
Posted in Uncategorized

First home buyers a big force in the mortgage market

The value of new housing loan commitments has risen 20.7 per cent since the most recent low point in May last year, driven largely by…

Continue Reading...
Posted in Uncategorized

Macquarie tackles big bank franchises

Macquarie is emerging as a force in the home loan market, with A$49 billion in home loans funds under management and accelerating growth.

Continue Reading...
Posted in Uncategorized

RBA confirms mortgage loyalty ‘penalty’

An expanded data rate set published by the RBA confirms that loyal customers with older mortgages are typically paying higher interest rates than new customers.

Continue Reading...
Posted in Uncategorized

Mortgage broker best interests duty bill passed

The passing of the latest financial reform bill means that, from July, mortgage brokers will have to comply with responsible lending obligations and a new…

Continue Reading...