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Mortgage commitments rising despite slip in home ownership

An increasing number of Australians are tied to a mortgage, despite a fall in the home ownership rate, new ABS data has revealed.

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CBA writes $150m sustainability loan

The Commonwealth Bank of Australia has agreed to provide $150 million of debt funding to Queensland Airports Ltd, with $75 million committed in an “Australian first” sustainability-linked ...

Gold Coast Airport
Non-majors lower rate floors, undercut majors

Two non-major banks have reduced their interest rate floors for home loan serviceability assessments, following moves from ANZ and Westpac.

Macquarie building
Big four bank updates home lending policy

A major bank has revised its interest rate floor and buffer in response to APRA’s recent regulatory amendments.

Big four bank updates home lending policy
Lenders blasted for ‘consistently failing’ consumers on CCI

The design and sale of consumer credit insurance has “consistently failed consumers”, ASIC has said as it announced enforcement action against several lenders, called for customer ...

Lenders blasted for ‘consistently failing’ consumers on CCI
ASIC insists it won’t toughen lending guidance

The corporate regulator has stressed that it will not be “increasing requirements” as part of an update to its responsible lending guidance.

ASIC
Westpac to remediate 40,000 home loan customers

The major bank will remediate customers that, as a result of a processing error, have been overcharged interest on their home loans.

Westpac
Property industry welcomes ‘sensible’ lending, tax reforms

The prudential regulator’s changes to its mortgage lending guidance and the federal government’s income tax cuts are expected to provide a “welcome shot of confidence” to the property market

Green light
Big four trail non-majors in home loan satisfaction

Mortgage customers continue to be more satisfied with non-majors than the big four banks, according to the latest Roy Morgan research.

NAB CBA Westpac ANZ
LATEST PODCAST: Mortgage lending changes and another rate cut

Join Alex Whitlock, Annie Kane and Charbel Kadib as they delve into the latest themes and developments in the home loan market.

LATEST PODCAST: Mortgage lending changes and another rate cut
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