Banks rally in aid of bushfire victims
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Several banks have announced disaster relief packages for customers affected by bushfires in NSW and Queensland.
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Pepper issues $750m PRS
The non-bank has priced its second PRS for 2019, issuing $750 million of bonds backed by Australian mortgages.
Westpac CEO rejects ‘loyalty tax’ link to ‘fees for no service’
Chief executive of Westpac Brian Hartzer has dismissed suggestions that the disparity between back book and front book mortgage pricing is c...
Big bank woes ‘showing no signs of abating’
The collective cash earnings of the big four banks fell 7.8 per cent in the 2019 financial year, with earnings to be placed under continued pressure in FY20, according to EY.
Concern raised as lending commitments continue to rise
The total value of home loan commitments continues to rise month-on-month, largely driven by owner-occupiers. However, increasing loan sizes...
Property values to hit record highs by April
As national dwelling values continue to rise, property prices could revert to record highs within six months, according to CoreLogic.
NAB profits slide amid ‘disappointing’ lending result
The major bank has released its full-year results, posting a 13.6 per cent decline in its statutory net profit, partly driven by a $15-billion slide in mortgage volumes.
Alert issued over settlement scam
The WA government is urging people to be on “high alert” after identifying a scam where a settlement agent’s email was cloned, resulti...
Banks bear brunt of AFCA complaints
AFCA has released a new online comparison tool that allows consumers to view and compare the number and nature of complaints filed against f...
CBA slashes mortgage serviceability rate
The big four bank has lowered its interest rate floor for home loan serviceability assessments for the second time in less than four months.
