Mortgage application inaccuracies rise despite crackdown
Charbel Kadib
The proportion of home loan applications containing inaccuracies has increased, despite the introduction of tighter credit conditions in res...
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Government commitment to stamp duty ‘baffling’
State governments have been urged to scrap stamp duty in light of new research, which has highlighted its impact on housing affordability.
‘Poor market practices’ flagged in non-bank space
Non-bank lenders are “facilitating deception” by failing to register and disclose mezzanine debt and secondary loans on commercial prope...
Bluestone secures $450m RMBS
The specialist lender has completed its second securitisation for 2019.
Affordability woes intensify ahead of ‘v-shaped’ housing rebound
A “much faster” than anticipated rebound in property price growth could magnify mounting housing affordability pressures, according to new CoreLogic research.
RBA faces ‘conundrum’ in superfluous race to the bottom
The central bank is engaged in a race to the bottom as it looks to out-cut its global counterparts amid “abnormal” economic conditions,...
Spending habits hinder housing affordability
New research suggests that while Australians are increasingly savings-focused and frugal, many still feel ill-equipped to afford a home, particularly Millennials.
NAB scraps fees in ‘clean-up program’
National Australia Bank has announced that it is removing more than 100 fees from across its products and services, as part of a “fee clean-up program”.
Treasurer calls for ‘common sense’ in lending space
Commonwealth Treasurer Josh Frydenberg has stressed the need for home lending practices that don’t curb the “aspirations of hard-working...
Non-bank prepares to float, targets $1.4bn
A non-bank lender is preparing to issue 622.4 million shares worth approximately $1.4 billion in a newly announced public offering.
