Demand for interest-only mortgages spike as borrowers face rate hikes

By: ameer@trustedteam.com

There has been a ‘notable spike’ in demand for interest-only mortgages in July as borrowers struggling with repayment hikes look for ways to live within their means. ...

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Bank achieves quarterly cash profit ahead of schedule

By: ameer@trustedteam.com

BNK has had a transformational 2023 financial year as the company’s strategic expansion into higher margin lending is starting to deliver returns in a less favourable environment, according to...

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Lower vacancy rates bad news for renters – PropTrack

By: ameer@trustedteam.com

In more bad news for renters already struggling with high rental prices, PropTrack’s latest report has revealed rental vacancy rates dipped 0.4 percentage points to 1.43% in July –...

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Australian Mortgage Awards tickets selling fast

By: ameer@trustedteam.com

Tickets are flying out the door to the premiere event on every mortgage broker’s calendar, the Australian Mortgage Awards, with only a limited supply left. Held on Friday, October 13...

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Zillow rolls out new 1% down payment program in Arizona

By: ameer@trustedteam.com

ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Orphe Divounguy, Zillow home loans senior economist, joins 'The Exchange' to discuss America's housing affordability crisis, Zillow...

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Rent-price growth settles near pre-pandemic rate

By: ameer@trustedteam.com

Rents for single-family properties grew at its slowest pace in almost three years with prices across all levels cooling by approximately 10%, according to new research from CoreLogic.Rents headed...

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TD reports strong mortgage volumes and stabilizing amortizations

By: ameer@trustedteam.com

Despite a sharp slowdown in mortgage originations this year, TD Bank reported strong annual volume growth of 4% in the second quarter. That helped drive overall loan volume growth...

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First National comments on underwriting partnership with BMO, says move is an “endorsement of the channel”

By: ameer@trustedteam.com

BMO’s decision to work with First National as its underwriting partner for its return to the broker channel served as an endorsement of both FN’s services and the channel...

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Commonwealth Bank posts record growth in asset finance

By: ameer@trustedteam.com

New data from Commonwealth Bank of Australia (CBA) has showed investment by Australian businesses in machinery and equipment upgrades has significantly grown, with the bank funding record volumes in...

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FHL launches new remo-only product range

By: ameer@trustedteam.com

Specialist lender Foundation Home Loans (FHL) has refreshed its core buy-to-let (BTL) and owner-occupied range and launched new remortgage-only BTL products. The new BTL remortgage-only products are available within Foundation’s...

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