Economy

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

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 ...

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.

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.

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

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 ...

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 ...

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

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

The “mortgage-focused” model of the major banks will help them absorb an acceleration in fintech adoption in response to COVID-19, according to S&P Global.