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Bank of Mum and Dad overstated: Productivity Commission

The Productivity Commission has insisted there is no “strong evidence” of parents giving large bumps to their children’s property purchases.

Bank of Mum and Dad overstated: Productivity Commission
Total bank loans near $3 trillion, finds APRA

The value of total residents loans and finance leases rose to just under $3 trillion in October, with housing loans up at $1.9 trillion, new APRA stats show.

Total bank loans near $3 trillion, finds APRA
Suncorp BNPL product hits market

The non-major bank has now launched its buy now, pay later offering, becoming the latest lender to offer the service.

Suncorp BNPL product hits market
Prime home loan arrears continue decline: S&P Global

Overdue mortgage debt has travelled downwards for the fourth month in a row, according to a new report by the credit ratings agency.

Prime home loan arrears continue decline: S&P Global
Non-bank’s latest RMBS to ‘optimise’ funding

Pepper Money has priced a $750 million RMBS, which aims to “optimise the funding of its Australian mortgage originations”.

Non-bank’s latest RMBS to ‘optimise’ funding
54% of financial institutions looking to launch instant approvals for loans

More than half of financial businesses are planning to roll out “instant approval for loans” in the next two years, according to new research.

54% of financial institutions looking to launch instant approvals for loans
Volt and AFG launch ‘Australia first’ BaaS-powered consumer products

The neobank has partnered with one of Australia’s largest mortgage aggregators to launch “the first BaaS-powered consumer products to go live in the Australian market”. 

Volt and AFG launch ‘Australia first’ BaaS-powered consumer products
ANZ prioritises home loans, flags digital product

The major bank has singled out improving its home loans growth after a shaky year as its primary concern, while hinting at a new digital offering.

ANZ prioritises home loans, flags digital product
Banks begin assessing loans using new buffer rates

Several banks have confirmed that they will be assessing new mortgages at the elevated serviceability buffers from today (29 October), ahead of the Monday (1 November) implementation date.

Banks begin assessing loans using new buffer rates
Mortgage applications up 13.1%: Equifax

Consumer credit demand has lifted year-on-year ahead of Christmas, with an index recording a 13.1 per cent rise in home loan applications.

Mortgage applications up 13.1%: Equifax
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