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Update - and there is a lender who only passed on 0.1% for existing clients on their basic type...

Bob
2 hours ago.

Several lenders, including some of the major banks, have reduced their variable interest rates by 25 basis points following the RBA’s deci

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Thank you.

Anonymous
4 hours ago.

The big four bank’s residential home loan portfolio has now dropped by $2.4 billion since the turn of the year, with the lender losing mor

default profile

Spot on

Broker
2 days ago.

The major bank has reversed its decision to ease its mortgage serviceability policy, just hours after confirming it would go ahead with the

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Agree 100% Moey - too many own goals kicked these fools as a collective.

Broker
2 days ago.

There’s a “very real chance” that the Reserve Bank will lower the cash rate three months in a row, according to ANZ Research.

default profile

Australia is fast tracking towards recession which has been caused by RBA, APRA, Banking Commission...

Moey
2 days ago.

There’s a “very real chance” that the Reserve Bank will lower the cash rate three months in a row, according to ANZ Research.

default profile

The take away I have from this is that Westpac needs a management team (especially in credit) that...

Really
2 days ago.

The major bank has reversed its decision to ease its mortgage serviceability policy, just hours after confirming it would go ahead with the

default profile

Conscious decision or not they are bleeding no matter how Elliot portrays it

Anonymous
5 days ago.

The big four bank’s residential home loan portfolio has now dropped by $2.4 billion since the turn of the year, with the lender losing mor

default profile

Banks do not want to loose the only card they hold left. Yet these decisions to let loans through...

Anonymous
5 days ago.

The major bank has reversed its decision to ease its mortgage serviceability policy, just hours after confirming it would go ahead with the

default profile

It is a clear case of collusion amongst the big banks, “kill the competition” brokers loans are...

Anonymous
5 days ago.

The major bank has reversed its decision to ease its mortgage serviceability policy, just hours after confirming it would go ahead with the

default profile

Email to brokers today states "Following discussions with APRA, Westpac has suspended this change...

MikeT
5 days ago.

A big four bank has eased its serviceability requirements for low-risk home loan customers, in a move that would provide its credit officers

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They are already 0.25 above the recommended 7% - and it is only a recommendation. The worst decision...

Strawny
5 days ago.

The major bank has reversed its decision to ease its mortgage serviceability policy, just hours after confirming it would go ahead with the

default profile

yes is still happening. seems responsible lending means different things to different institutions

H
5 days ago.

The major bank has reversed its decision to ease its mortgage serviceability policy, just hours after confirming it would go ahead with the

default profile

Have you seen Westpac's new servicing calculator? Charlie Teo couldn't work out how to use that one!

Brissy Broker
5 days ago.

A big four bank has eased its serviceability requirements for low-risk home loan customers, in a move that would provide its credit officers

default profile

Westpac the Bank who is in trouble for approving loans Under Responsible Lending when showing a...

Anonymous
5 days ago.

A big four bank has eased its serviceability requirements for low-risk home loan customers, in a move that would provide its credit officers

default profile

I assume that this will not apply to loans via major bank branches , just last week I had a client...

Broker
5 days ago.

The major bank has reversed its decision to ease its mortgage serviceability policy, just hours after confirming it would go ahead with the

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LATEST PODCAST: Broker share and Westpac U-turn

Do you think the banking royal commission recommendations could negatively impact competition in the mortgage market?

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