Foreign buyers were less active in the residential property market in the June quarter following a strong rise in the first quarter of the year.
SMSF investors with an eye on commercial property are fuelling demand for finance.
Half a trillion dollars of home equity is being held by Australians over the age of 65 and is available to be leveraged.
Mobile and internet banking in the UK is now being used for transactions worth nearly £1 billion a day.
Competition for BDMs is increasing as lenders continue to fight for greater distribution in the growing third-party channel.
Australia’s major lenders are harnessing the power of multiple touch points in an attempt to combat digital disruptors.
Yellow Brick Road’s share price remained steady yesterday following the group’s acquisition of mortgage manager RESI Mortgage Corporation.
Yellow Brick Road today announced that it has entered into a conditional agreement to acquire mortgage manager and originator RESI Mortgage Corporation Pty Ltd.
The regional banks remain at a structural disadvantage to the majors, despite the benefits from a recovery in housing finance, lower funding costs and improving loan quality.