Overly Strict and Impractical Credit Decisions May Exploit Borrowers

Xavier Quenon, Go Mortgage director, issued a warning to mortgage borrowers regarding the stricter and vastly impractical new bank credit practices and how they are likely to harmful to borrowers in the…

How the Bank Tightening Cycle is Affecting Mortgages and Brokers

The media’s scrutiny of the banking industry’s poor behaviour lately has prompted a knee-jerk response from them to prove they are implementing significant changes to bank lending standards and practices, motivating brokers…

Consumers aren’t Lacking Confidence in the Broker Channel

The latest figures from the MFAA’s quarterly market survey shows that brokers are still holding onto their stronghold over the home loan market in spite of heightened scrutiny from the media, royal…

The MFAA is Challenging Negative Broker Rhetoric

The broker industry has been wildly scrutinised over the past year regarding the lack of positive consumer outcomes. The MFAA is determined to refute this rhetoric with an abundance of proof that…

Who is Out There Helping Consumers if Mortgage Brokers Aren’t?

AFG’s CEO points out that “broader consideration” is required on any type of wholesale changes to broker remuneration to protect the industry, maintain competition, and boost the longevity of this sector. Home…

Australia’s Mortgages – More Affordable Now Compared to 30 Years Ago

It might surprise you to learn that Australia’s mortgages are more affordable now as compared to mortgage affordability in 1990. This data comes from a current analysis by the Property Investment Professionals…

The Current Population Growth Spurs a Need for 215,000 More Homes

The most recent Housing Industry Association (HIA) report suggests that if Australia’s population continues its current growth spurt at 1.6 per cent per year, and if household incomes remain sluggish, building an…

How Stricter Lending Policies Helped Reduce Australian Household Debt

The Reserve Bank governor, Philip Lowe recently said that the stricter lending policies have helped reduce household debt at his address to the Australia-Israel Chamber of Commerce. He also stated that even…

Tips for How Brokers Can Find Opportunities in the SME Sector

The SME is set to grow in the coming months. The March SME Growth Index shows there are extensive opportunities for brokers in this sector. Therefore, mortgage brokers who are earnestly seeking…

A Non-Major Bank Rises Interest Rates

According to Australian Broker News, Suncorp, a non-major bank has announced that it will hike its interest rates on all variable loans for home and small business lending as of 28 March.…

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