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Vow Financial grows commercial team

Mortgage aggregator Vow Financial is expanding its commercial team with the appointment of a new division head.

mortgagebusiness
ASIC gives verdict on low-doc lenders

The corporate watchdog has released the findings of its review of low-doc home loans.

mortgagebusiness
Brokers to benefit from lender cash giveaways

Brokers will play a key role in a new strategy by NAB that will see the lender give cash incentives to new home loan customers.

mortgagebusiness
Loan serviceability buffers questioned

A new report has raised concerns that the loan serviceability buffers of Australian banks are too low for borrowers to withstand rate rises.

mortgagebusiness
CUA takes on the majors

Credit Union Australia believes its products offer a viable alternative to the majors following a substantial increase in new lending.

mortgagebusiness
NAB at risk from Scottish independence

National Australia Bank may face additional business risks if Scotland votes in favour of independence from the UK on September 18.

mortgagebusiness
Analysis: The future of broker commissions

There are sensitive, but critical questions to be asked at this point in time regarding the viability of the current remuneration structure for mortgage brokers.

mortgagebusiness
Non-majors forced to write riskier loans

Smaller lenders are being forced to write riskier loans as a capital disadvantage prevents them from competing on price with the majors.

mortgagebusiness
Majors, MFAA defend vertical integration

The MFAA and two major banks have defended vertical integration in mortgage broking following requests from the Murray Inquiry for further information on the consumer impact of bank-owned ...

mortgagebusiness
Banks lend support to financial literacy week

The Australian Bankers’ Association has expressed its support for the federal government’s MoneySmart Week 2014, which began yesterday.

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