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Lenders must justify serviceability buffers: Deloitte

Australian lenders will need to justify the suitability of their mortgage serviceability buffers to the prudential regulator before it reaches a decision on lending curbs.

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ASIC report boosts broker confidence in low-doc lending

A specialist lender has seen renewed confidence among brokers following ASIC’s positive review of low-doc lending.

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Government rejects calls for CBA royal commission

The federal government has rejected recommendations to establish a royal commission into the Commonwealth Bank following its widely publicised financial planning scandal.

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Lender launches 97 per cent LVR mortgages

HomeStart Finance has announced graduate loans that require a deposit as small as three per cent.

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ASIC crackdown reins in lenders

Two lenders have agreed to change their operating models following an ASIC intervention.

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Online lender adds free ‘value pack’ to home loans

Online lender loans.com.au has broken new ground with the launch of its ‘value pack’ that adds free property reports, financial planning, and a conveyancing voucher to its mortgages.

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RBA sheds no new light on lending worries

The Reserve Bank gave little indication of its plans to rein in investor lending in the minutes of its October 7 board meeting.

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Keating calls for SMSF lending curbs

Former prime minister Paul Keating has weighed in on the issue of investor lending by calling on the government to rein in borrowing by SMSFs.

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CBA reputation ‘tarnished’: Narev

CBA chief executive Ian Narev has spoken frankly about the importance of consumer trust, following revelations about poor financial advice within the bank earlier this year.

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Falling dollar won’t hurt lenders: HSBC

Australian banks that rely on overseas wholesale funding will not be negatively impacted by a weaker Australian dollar.

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