Economy

The bank has reduced its qualifying rate in a bid to maintain its competitive position in the market.

Mainstream lenders are “going to have to develop new skills” to assess serviceability as a result of COVID-19 fallout, the co-founder and CEO of the neobank has suggested.

A Liberal senator for WA has urged lenders to extend interest-only periods for borrowers to help reduce hardship levels during COVID-19, noting that exemptions are in place that allow them ...

The aggregator has announced a new partnership with CoreLogic, providing its brokers with up-to-date property information and analysis.

Dampened interest rates, and a surge in demand for digital services and corporate accountability have been listed among the long-term effects that will linger for financial services ...

Credit losses across the big four banks are set to more than double those recorded by the mutual sector, S&P has projected.

A big four bank has filed its defence to AUSTRAC’s claims that it had breached AML/CTF obligations, stating it “accepts the gravity” of the claims and admitting several breaches.

Hundreds of mortgagors have chosen to unfreeze their mortgage repayments early, following a six-month repayment pause offered amid COVID-19, according to NAB.

A major ratings agency has downgraded its outlook for the mortgage insurer amid expectations of a sharper than anticipated deterioration in Genworth’s financial position.

Just under 430,000 home loan customers have opted to freeze repayments since the onset of the COVID-19 crisis, the latest figures have revealed.