Mortgage bidding site LoanDolphin has been subsumed under the Joust brand after the two platforms joined forces to create a larger online ...
The three-stage easing of social distancing restrictions will provide an immediate boost to GDP, the Treasurer has said.
The non-major has joined peers in tightening its credit policy, with new measures put in place to verify a borrower’s financial position prior to final approval.
The major bank has announced a number of changes to its home lending policy, including a reduction to the maximum LVR for self-employed applicants.
The financial services group has forecast $2.7 billion in costs for the 2020 financial year, which includes $133 million in credit provisions linked to the COVID-19 crisis.
Auction clearance rates rose and withdrawal rates fell, while a lift on auction bans is expected to lift confidence.
The chief executive of a non-major lender will step down after just months at the helm.
Banks are set to retain the current value of their mortgage books despite an expected decline in home loan volumes, according to the Reserve Bank.
Macquarie’s credit impairments have surged 152 per cent, resulting in an 8 per cent decline in its earnings.
Australian banks have deferred a total of at least $200 billion in loan repayments across 643,000 loans since the beginning of the COVID-19 ...