Economy

Jun 11 2020

“Operational” lags experienced by lenders have contributed to a sharp decline in home loan volumes across the mortgage market, new ABS data has revealed.

Jun 11 2020

The SME lender has reported “solid” performance in the March quarter, but revealed it was “materially impacted” by COVID-19 in April and May, originating just over $8.7 million in that ...

Jun 10 2020

Australia’s banking sector has taken a collective hit to its bottom line, despite a 20 per cent increase in residential mortgage volumes, new APRA data has revealed.

Jun 10 2020

The number of properties taken to auction took a dive over the last week, as the country prepared for the Queen’s Birthday public holiday.

Jun 9 2020

The consumer watchdog has made an exemption that allows for the delay of non-major banks’ Consumer Data Right obligations.

Jun 9 2020

New CoreLogic data shows there was a rise in the number of homes sold in May when compared with April, despite falling GDP, a drop in wages paid and the first month-on-month decline in ...

Jun 8 2020

Promoted by Aussie Australia’s leading mortgage broker, Aussie, has launched a major expansion plan to recruit brokers and other professionals to expand their broker and franchise network ...

Jun 8 2020

A sharp increase in mortgage delinquencies was recorded over the March quarter, before lenders commenced offering mortgage repayment relief, according to Moody’s.

Jun 5 2020

AMP Bank has launched a range of technology enhancements to its home loan process, including digital pre-application, electronic signatures and remote VOI.