Latest articles and price-sensitive announcements with AI sentiment classification.
The Australian Securities and Investments Commission (ASIC) has made an interim stop order blocking mortgage fund manager Australian Secure Capital Fund (ASCF) from offering units in three funds with $251.8 million under management, citing concerns over how their product disclosure statement (PDS) covers the loan book, exit costs and an investor...
The RBA has increased interest rates to 4.60 per cent. Use our calculator to see how much extra your mortgage repayments will be.
Putting extra money into your home loan or retirement savings is one of investing’s biggest debates. Here’s how to get ... Read More The post Mortgage or super for retirement: Best strategy for spare cash appeared first on Stockhead.
The answer changes with your tax rate. The post Rates are rising again. Should you pay down your mortgage or top up your superannuation? appeared first on The Motley Fool Australia.
Dodgy loan applications are on the rise, reigniting a bank push for a shift away from old-school documents such as payslips and tax returns.
Australia's financial intelligence agency AUSTRAC has revealed the findings of a major cross-bank investigation that uncovered coordinated mortgage fraud and systemic weaknesses across the country's lending sector, identifying potentially hundreds of millions of dollars in suspected fraudulent loans concentrated heavily in Sydney. The i...
By Mackenzie Scott Australia’s banks and home loan lenders are expected to wage a new front in the sector’s “mortgage ... Read More The post Mortgage war likely amid sign-up slump appeared first on Stockhead.
Read everything that’s happened in the news so far today.
Borrowers are in the box seat as competition between banks steps up in a weakening market. But price wars in banking are different to other sectors.
The evidence is overwhelming. Home loan applications haven’t just dropped - they have plummeted, thanks to the RBA’s rate rises and the federal budget’s tax policy.
The Australian Securities and Investments Commission (ASIC) has found widespread failures in how banks manage mortgage offset accounts, with eight major lenders paying out more than $55 million in compensation to affected customers over the two years to the end of August last year. ASIC's review covered the offset practices of eight ba...
Lendi has become the latest victim of Labor’s federal budget, axing 36 roles to reflect slowing credit growth.
The shock jock projects a wealthy image, but a month after being sacked he signed up to a second mortgage on one Sydney property charging an eye-watering rate.
Highlights ANZ Group Holdings (ASX:ANZ) reduced selected fixed home loan rates while several competitors recently moved rates higher. Investors continue monitoring margin performance, funding costs and mortgage competition across the banking sector. Progress on the Suncorp Bank integration remains an important operational focus. ANZ’s latest mortgage pricing adjustments highlight the challenges facing Australian banks as competition, funding costs and economic uncertainty continue shapi...
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