May 31 2018
A representative from the Financial Ombudsman Service (FOS) admitted that he was “wrong” when he ruled that a widow should pay her deceased husband’s business loans within 12 to 18 months
May 29 2018
The financial services royal commission has heard from a Bankwest customer who was left with “no options” but to declare bankruptcy and sell his profit-generating hotel development.
May 29 2018
A non-bank lender has settled a $750 million RMBS transaction, with assistance from NAB and Westpac.
May 29 2018
A massive class action lawsuit is being planned on behalf of “Australian bank customers that have entered into mortgage finance agreements with banks since 2012”.
May 29 2018
The mortgage brokerage’s share price has increased by more than 10 per cent since IHA Group lodged a substantial shareholder notice on Friday, 25 May.
May 28 2018
US President Donald Trump signed a bill last week that will ease banking regulations implemented by the Obama administration following the global financial crisis.
May 25 2018
Australia’s premium housing market has softened more than its more affordable segment, according to the latest CoreLogic Decile Report.
May 25 2018
Global ratings agency Moody’s has joined a chorus of analysts forecasting tighter mortgage policies as a result of the royal commission’s intense scrutiny of bank lending.
May 25 2018
Reserve Bank of Australia governor Philip Lowe has warned that China’s “highly indebted economy” poses a threat to prosperity in Australia.
May 24 2018
The ratings agency has warned that a further tightening in lending standards could limit borrowers’ ability to reduce financial stress by refinancing their home loan.
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