The chief executive of one of Australia’s regional lenders today announced his resignation.
The Australian lending industry has responded to claims made by credit agency Veda of a “trend among brokers” to collude on fraud.
Bendigo and Adelaide Bank has seen the proportion of its variable home loans drop and the number of fixed-rate loans increase in the 12 months to June 30.
Demand for housing finance ended the 2013/2014 financial year positively with a moderate improvement over the month of June.
The latest business confidence survey by Roy Morgan Research has revealed a strong improvement during the month of July.
Historically low rates and a competitive lending environment are allowing brokers to negotiate even better deals for their clients.
Existing and prospective mortgage holders are increasingly looking to the big four banks when choosing a home loan.
International financial institution Credit Suisse has blasted SMSFs as one of the major impediments to economic growth in Australia.
Commonwealth Bank chief executive Ian Narev has announced changes to the lender’s senior executive team.
Brokers are being blamed for mortgage fraud following an increase in fraudulent credit applications.