Broker share hits a record high 04 April 2024 3:52AM Latest news John Kavanagh Brokers wrote 72 per cent of all home loans in the December quarter last year – a record for the industry. read more
Briefs: Trade payment defaults hit a record, Scotpac launches business line of credit, Dynamoney bul 14 March 2024 2:55AM Latest news Banking Day staff CreditorWatch’s latest Business Risk Index reports a 48 per cent increase in B2B trade payment defaults over the 12 months to February read more
ING back in the mortgage game 13 March 2024 5:18AM Latest news John Kavanagh ING Australia regained momentum in the home loan market last year but is struggling to make headway with its push into the business banking market. read more
Comyn promises to consider land lease lending 13 March 2024 4:41AM Latest news John Kavanagh Commonwealth Bank chief executive Matt Comyn was caught off guard yesterday when Stockland CEO Tarun Gupta asked him to consider offering a loan that would allow people to buy into land lease developm.. read more
'Marginal' increase in non-performing loans 13 March 2024 4:39AM Latest news John Kavanagh The proportion of non-performing mortgages on authorised deposit-taking institutions’ books rose over the past year but remains below levels reported in 2020 and 2021, and is in line with pre-COVID le.. read more
Aussie faces court over junk insurance claim 13 March 2024 4:37AM Latest news John Kavanagh Shine Lawyers has filed a class action in the Federal Court alleging that Aussie Home Loans sold junk insurance to up to 30,000 customers. read more
Briefs: CBA commits to AI development, new AFIA chair, RentPay offers more payment options 12 March 2024 5:04AM Latest news John Kavanagh Commonwealth Bank has extended its partnership with Microsoft to further ongoing cyber security initiatives and develop generative AI applications. read more
Mortgage market takes a breather 08 March 2024 4:37AM Latest news John Kavanagh After recovering in the second half of last year, demand for home loan finance has fallen away again over the past two months. read more
Credit card holders pay down their balances 08 March 2024 4:33AM Latest news John Kavanagh Spending on credit and charge cards increased ahead of overall household spending over the past year but card users have their consumer debt under control, with balances accruing interest coming down. read more
Deposit gap funder in administration 07 March 2024 5:51AM Latest news John Kavanagh A start-up promising to help home buyers bridge the deposit gap has gone into administration, just months after launching its loan. read more
Mortgage lenders still looking to 'stand out in the crowd' 05 March 2024 5:36AM Latest news John Kavanagh The latest home loan pricing data suggest lenders are still jostling to win business. read more
Non-bank competitive position improving, Pepper says 01 March 2024 5:27AM Latest news John Kavanagh Pepper Money suffered record mortgage book attrition in 2023, at 43.8 per cent, as the intense competitive in the market exposed its relatively high funding costs. read more
AFG targets broker growth 01 March 2024 5:25AM Latest news John Kavanagh After several years of investing in diversification, Australian Finance Group is back playing to its strengths with a focus firmly on its core broker aggregation business. read more
Help to Buy Bill passes the House 01 March 2024 5:21AM Latest news John Kavanagh A bill to establish a national shared equity scheme for low and middle income earners looking to buy a home was passed in the House of Representatives this week, but it may face a tougher passage in t.. read more
Mortgage stress levels creep up 29 February 2024 3:38AM Latest news John Kavanagh Around one-third of home loan borrowers are at risk of mortgage stress, according to new research. read more
Home Guarantee takes the wind out of LMI 28 February 2024 5:40AM Latest news John Kavanagh The Australian government’s Home Guarantee Scheme is undercutting the lenders mortgage insurance market to the tune of around A$250 million a year, LMI sector leader Helia says. read more
Reverse mortgage market has a growth spurt 28 February 2024 5:37AM Latest news John Kavanagh Heartland Group’s Australian reverse mortgage book grew strongly in the December half, as an ageing population turned increasingly to equity release to top up retirement incomes. read more
Personal insolvencies stay moderate 28 February 2024 5:25AM Latest news John Kavanagh Personal insolvencies numbers rose in 2023 but are still nowhere near pre-COVID levels, new figures show. read more
Liberty wanders in tough times 27 February 2024 5:31AM Latest news Ian Rogers A continuing shift in business mix to higher margin lending product, combined with less residential lending punched a deep hole in the profit of Liberty Financial over the December half. read more
Deteriorating credit quality does not deter RMBS investors 22 February 2024 5:58AM Latest news John Kavanagh Investors continue to shrug off rising home loan arrears, subscribing for mortgage securities at narrower margins since the start of the year. read more