Economy

Five million Australians could be getting thousands of dollars back from the major banks through what could be the largest class action suit in the nation’s history.

The mortgage insurance provider will be removed from the ASX index after no longer meeting selection criteria.

An increase in demand for home loans has been reported against a backdrop of a rise in refinancing commitments, the latest data from the ABS has revealed.

Home loan delinquencies have declined, repayment rates have risen and the annualised loss rate has remained stable, with credit quality unlikely to be affected by rising interest rates, ...

Household debt risks “remain high” and could pose a threat to credit quality, with both banks and borrowers susceptible to “adverse shocks” in the economy, according to the Reserve Bank

The changes that mortgage brokers will be required to adapt to in response to regulatory pressures are not necessarily replicable by the banks, an ABA representative has said.

The financial services royal commission has begun its sixth round of hearings, bringing into focus the sale and design of insurance products.

The recent wave of out-of-cycle interest rate hikes on owner-occupier home loans could further dampen demand for property and place additional downward pressure on property prices, according ...

The ABA’s new banking code should be adopted by the broader lending industry, the banking industry body has suggested.

The recent fall in property prices has not been enough to reduce the proportion of income required to service a mortgage but has prompted a rise in first home buyer activity, according to ...