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Investor finance ‘sharply lower’ than a year ago: ANZ
13 March 2018
mortgagebusiness

The value of investor lending bounced back in January but remains much lower than it was at the beginning of 2017.

Banks ‘loosen the screws’ as IO lending plummets
13 March 2018
mortgagebusiness

Fresh data from the Australian Prudential Regulation Authority shows that the number of people taking out interest-only loans has fallen to a new historic low.

‘Nervous’ economists predict more lending curbs
13 March 2018
mortgagebusiness

Two leading economists believe that APRA’s lending curbs are here to stay and have flagged a strong possibility that more macro-prudential measures will be introduced this year.

‘IO loans have always been safer’, says NAB chief economist
12 March 2018
mortgagebusiness

The argument that interest-only loans are risky is “factually untrue”, according to National Australia Bank chief economist Alan Oster.

LMI competition is unreasonable: ANZ
8 March 2018
mortgagebusiness

ANZ CEO Shayne Elliott has dismissed calls from the Productivity Commission to offer consumers greater choice when taking up lenders mortgage insurance on their home loan.

Majors expected to ‘digest’ interest-only loan risks
8 March 2018
mortgagebusiness

A banking analyst is confident that Australia’s big four banks can weather the risks of interest-only loan expiries, the effects of regulatory changes and the impact of the royal commission

Inaugural Young Leaders in Finance Awards announced
8 March 2018
mortgagebusiness

As part of our continued dedication to championing financial services professionals, Momentum Media, publisher of Mortgage Business, is excited to announce a brand-new awards program for ...

CBA to refund customers after scrapping insurance products
7 March 2018
mortgagebusiness

Effective immediately, the major bank will end the sale of two of its insurance products and “proactively” refund affected customers.

ASIC to force lenders into involuntary liquidation
7 March 2018
mortgagebusiness

The financial services regulator has filed a court order that could force several car financiers into involuntary liquidation.

Ex-bankers launch online mortgage platform
7 March 2018
mortgagebusiness

Former senior bankers from NAB and St George have launched an online platform that allows lenders to bid against each other for the borrower’s loan.