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Heritage and People’s Choice secures $1bn RMBS deal

The $1 billion residential mortgage-backed security program is the inaugural transaction for the recently merged mutual bank

Shipton’s emotional plea for accountability: An open letter to Chalmers

Former ASIC chair James Shipton has written an open letter to the Treasurer and Assistant Treasurer demanding they take ...

Digital valuations rise 33% in 4 years

The prevalence of digital valuations – including both desktop and automated models – has increased to record levels since the ...

Lowe's last gift to borrowers; Cash rate holds steady

The Reserve Bank decided to further pause the cash rate in Philip Lowe's last monetary policy meeting.

Westpac allegedly seized property from those requesting hardship 

ASIC alleged the major bank failed to process 229 hardship applications within 21 days between 2015 and 2022.

Almost 50% of Australians hold no confidence in RBA

Despite rates holding steady of late, 46 per cent of Australians are not confident in the RBA and government’s ability to ...

Over half of home owners renovating instead of selling: Aussie

Home owners are opting to renovate their homes instead of selling due to affordability constraints, Aussie Home Loans ...

Housing affordability at 30-year low: PropTrack

Housing affordability has declined to its worst level in three decades, PropTrack research has revealed.

Auction activity increases as spring has sprung

The first week of spring saw slightly higher auction results than the week prior but was still a softer-than-expected start ...

Big 4 agree on September cash rate hold

Australia’s major banks have all called a cash rate pause during tomorrow’s monetary policy meeting.

Refinancing continues to break records

The value of refinancing once again soared to new heights amid strong competition in the mortgage market.

Beyond Bank and First Choice Credit Union announce intention to merge

Two customer-owned lenders have announced that they intend to merge, with member votes expected later this year.

Pepper buys prime loan portfolio from bank

A book of approximately NZ$1.4 billion prime New Zealand mortgages have been bought by the non-bank lender from HSBC.

Axing screen scraping under review: Treasury 

The practice of ‘screen scraping’ is under scrutiny, following recommendations to axe it.

Owner-occupied growth drops more than 60%: APRA

Australia’s banks issued just under $3 billion in owner-occupied mortgages in July, two thirds less than the month before, ...

PEXA ‘welcomes competition’, disputes current interoperability view

The e-conveyancer that holds over 88 per cent of market share said no other industry had been “pieced back together” by ...

Supply solutions yet to materialise in approvals data: HIA

The government’s efforts to improve housing supply are yet to appear in dwellings approval data, HIA’s senior economist has ...

Auswide celebrates record loan book increase

After achieving its strongest-ever loan book growth in the financial year 2023, partly driven by brokers, the lender has said ...

Pepper prices upsized $850m RMBS

The non-bank has priced a $850 million residential mortgage-backed security transaction, which will be used to support its ...

CPI at 4.9% in July: ABS

July’s annual CPI increase fell from the previous month below economist and market expectations, the latest ABS data has ...

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