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Lenders’ ‘tempting offers’ lead Aussies to overspend on cards

More than a third of Australians say they’ve overspent on credit cards and blown the budget, having been tempted by lenders offering “easy credit enticements”.

mortgagebusiness
Time is money, right? So, check important credit files first

If you put in a loan application before checking your client’s important credit files, the application may be rejected. This is a waste of your time, right? And, more importantly, it will ...

Merrilyn Mansfield, time is money, credit files, Equifax
Majors tipped to hike home loan rates over levy

The major banks will need to increase their standard variable rates by around 20 basis points to offset the impact of the $6-billion levy handed down in the federal budget, according to an ...

mortgagebusiness
Mortgage repricing a ‘balancing act’ for majors: EY

A mortgage market clouded by “higher risk and increased scrutiny” is presenting growth challenges for Australia’s major lenders, according to professional services giant EY.

mortgagebusiness
Lender to increase IO rates for owner-occupiers

ING DIRECT has announced it will be increasing rates for new and existing interest-only owner-occupier borrowers by 0.15 per cent next month.

mortgagebusiness
APRA’s funding lever for ‘high risk’ non-bank lending

The banking regulator has explained how it will avoid the spread of “high risk” loans to non-banks by ramping up its supervision of major banks’ funding lines.

mortgagebusiness
CBA amends SME lending following Carnell Inquiry

Commonwealth Bank has announced that it is making a series of changes to simplify small business lending contracts and provide greater certainty to customers.

mortgagebusiness
Westpac hikes interest-only rates

Westpac announced earlier this week that it has increased rates on its interest-only fixed rate loans by up to 30 basis points.

mortgagebusiness
Lenders announce home loan policy changes

Two non-major banks have announced changes to their interest-only and investor loans.

mortgagebusiness
Specialist lender JV project collapses

One of Australia’s leading non-bank mortgage providers has "formally ceased" discussions to form a joint venture with a Spanish banking giant, following on from controversy at the Spanish ...

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