Economy

New research from Roy Morgan shows that home loan customers are more satisfied when they go direct to a bank rather than using a mortgage broker.

New research has identified gaps in Australians’ knowledge of mortgage terminology.

Non-bank lender Firstmac has introduced a lower interest rate for buyers of environmentally friendly vehicles in a bid to “accelerate” the growth of the Australian electric vehicle market

iSelect has announced the appointment of Nadine Lennie as its new chief financial officer, after an “extensive search process” that began in November last year.

“Opaque” pricing of discounts on home loan offerings has inhibited borrowers from making informed choices, according to a report from the Australian Competition and Consumer Commission

New figures from the prudential regulator have shown that assets held by mutual banks have continued to rise, totalling nearly $111 billion for the quarter ending December 2017.

The royal commission has heard how a major bank pays its introducers up to 60 basis points commission for referring mortgage customers.

Home values this week saw varying levels of fluctuations, according to the latest CoreLogic data.

Assets held by securitisers spiked by 6 per cent in the December quarter, according to the latest figures from the Australian Bureau of Statistics.

High-income earners are accumulating larger credit card debts, with unemployed Australians also accumulating a high level of debt, new data has suggested.