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Industry split over lending curbs: poll

A majority of respondents to a Mortgage Business survey feel higher rates for investor home loans would do little to cool the market.

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New MFAA chief to fight for SMSF lending

MFAA chief executive Siobhan Hayden has revealed she will defend SMSF borrowing in a fresh submission to the Financial System Inquiry.

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CoreLogic RP Data backs new foreign buyer recommendations

CoreLogic RP Data has thrown its support behind recommendations that could see penalties imposed on brokers who help foreign investors purchase non-compliant properties.

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Packer and Murdoch invest in new lender

Two of the nation’s richest businessmen have invested in a new Australian lender through their respective media empires.

mortgagebusiness
FSI calls for ‘competitive neutrality’ among lenders

The much anticipated final report from David Murray’s Financial System Inquiry (FSI) has recommended increasing the mortgage risk weights of the major banks to improve competitive neutrality

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Best rates merely an ‘entry point’ for non-majors

Having the cheapest home loans in the market is just a foot-in for non-majors looking to compete in the Australian mortgage space.

mortgagebusiness
New SME lending platform threatens majors

Australia’s big four banks will face fresh competition after a new peer-to-peer (P2P) SME lending platform launched this week.

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ASIC takes action against non-bank lender

ASIC announced today it has censured Mortgage House after it “inappropriately used an ASIC trademark to sell one of its products”.

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Lender alliance won’t dent the big four

A new alliance between four credit unions and a leading regional bank will have little impact on the big four banks, according to Morningstar Research.

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APRA informs Parliament of lending curbs

APRA chairman Wayne Byres has discussed the regulator’s plans to rein in investor lending.

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