mortgages

The major bank has revealed that the majority of its home loan customers are ahead of their mortgage repayments.

Total loan books for Australia’s banks continued to rise in June, remaining above the $2.1 trillion recorded in May, new APRA stats have revealed.

The median income to service a new mortgage has reached a record high for the series, the ANZ and CoreLogic’s new report has found.

The chief executive of the major bank has expressed confidence that enhanced broker experience and efficient turnaround times would contribute to gaining market share.

Around $133 billion of new home loans were funded by banks in the first three months of the year, a drop of nearly 9 per cent, new APRA stats show.

The non-major bank has confirmed the first phase of its digital mortgages roll-out is set to begin later this year.

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The Mortgage Business Uncut podcast is your weekly analysis of the biggest themes shaping the Australian mortgage market.

Housing affordability has worsened further towards the end of 2024, with it now taking more than half of the median household income to service new loans.

Delivering a digital mortgage experience has been a key point of focus for years, but the coronavirus pandemic has forced lenders to rapidly digitise elements of the home loan process

While an increasing number of Australians could find themselves in ‘mortgage prison’, chief executive at Finni Mortgages said it’s important to shift the mindset.

A recent report released by an aggregator has found that the majority of Aussies surveyed are cutting back costs to pay their home loans.

A former major bank executive has joined the mutual bank as its new chief executive ahead of the retirement of long-serving CEO Steve James.

On the back of record profits, the major bank’s latest lending data has confirmed fewer Australians are purchasing new homes.

New residential loans declined across Australia in the financial year 2023 with new lending returning to pre-pandemic levels, a PEXA report has found.

While the RBA has deemed Australia’s mortgage health as ‘resilient’, it acknowledges a rise in the number of borrowers experiencing severe financial stress.

New data has revealed which banks, aggregators, non-bank lenders, and mortgage brokers are seeing the greatest number of complaints from borrowers.

The financial services group has released its 1H23 results, revealing a 19.9 per cent increase in its reverse mortgages receivables.

Australians can “have confidence” in the financial system as ‘clouds loom’, regulator APRA has assured.