For the third time since 2015 after a sustained rocky period in red ink, the Home Equity Conversion Mortgage (HECM) book of business inside the Mutual Mortgage Insurance (MMI)...
Read MorePurchase application data Now that mortgage rates have fallen from a bit over 8% toward 7.32%, we can see the immediate impact as purchase application data was positive for the...
Read MoreAustralia’s economy is “in a better position than most”, according to federal Treasurer Jim Chalmers, despite the nation still facing several challenges including sticky inflation. Speaking at the Australian Securities...
Read MoreThe November monetary policy meeting saw the Reserve Bank of Australia (RBA) increase the official cash rate by 0.25 bps to 4.35 per cent, breaking the four consecutive cash...
Read MoreThe major bank has revealed it will enter 2024 with a reshaped executive leadership team as its deputy chief executive position has been made redundant. ...
Read MoreCoreLogic’s national Home Value Index (HVI) has revealed that the national dwelling value as of 22 November 2023 reached a record high up 7.7 per cent over the year,...
Read MoreInvestigations are continuing into the alleged misappropriation of investment funds from a mortgage and loan business, with findings not expected until next year. ...
Read MoreHome loans are the primary product that individuals are currently requesting hardship assistance with, leading to several organisations calling on lenders to improve their response to hardship requests and...
Read MoreSt.George, Bank of Melbourne and BankSA have officially joined as participating lenders authorised to offer the Australian Government’s Home Guarantee Scheme (HGS). The Westpac subsidiaries have joined the panel four...
Read MoreOf those older Australians with savings and investments, 53 per cent believe they will outlive them. Moreover, in 2018 and 2019, around 50 per cent of older Australians who...
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