• 28/07/2021

Category: Articles

Get your diploma before you get cut-off

Get your diploma before you get cut-off

Brokers risk being cut off if they have not completed their mortgage broking diploma. Recent legislative changes mean brokers will be required to have completed the new Diploma of Finance and Mortgage Broking Management course,…

The reason why we are talking about a lender crackdown is to avoid actually having a lender crackdown

The reason why we are talking about a lender crackdown is to avoid actually having a lender crackdown

This week, a number of finance regulators said they were turning their mind to enforcing robust lending standards. Straight after, CBA announced it was adopting a more conservative stance in its lending policy. Accredited Broker…

One in five have a liar loan: Experian

One in five have a liar loan: Experian

Michael Roddan| Australian Financial Review| 22 June 2021 https://www.afr.com/companies/financial-services/one-in-five-have-a-liar-loan-experian-20210622-p5833i One in five Australians have fibbed to the bank when applying for a loan in order to avoid being knocked back by the lender, raising concerns…

APRA war games credit restrictions as household debt rises

APRA war games credit restrictions as household debt rises

James Frost and John Kehoe| Australian Financial Review| 17 June 2021 https://www.afr.com/companies/financial-services/apra-asks-banks-for-more-data-on-lending-20210617-p581rf The peak group of financial regulators have eyeballed the pick-up in home lending and the return of property investors as an emerging issue,…

Banking regulators poised to tighten lending standards to cool market

Banking regulators poised to tighten lending standards to cool market

Shane Wright & Clancy Yeates| Sydney Morning Herald| 19 June 2021 https://www.smh.com.au/politics/federal/banking-regulators-poised-to-tighten-lending-standards-to-cool-market-20210618-p5823u.html The Reserve Bank and the nation’s prudential regulator are poised to tighten lending standards in the face of soaring property prices and growing…

Vital Signs: It’s not the Reserve Bank’s job to worry about housing prices

Richard holden| The Conversation| 11 June 2021 https://theconversation.com/vital-signs-its-not-the-reserve-banks-job-to-worry-about-housing-prices-162499 Once again folks are pointing to the potential danger of Australia’s low interest rates. This week a poll of so-called “market economists” by ratings agency Fitch had only 12%…

Economists start believing we’ll see a rate rise sooner rather than later

Colin Brinsden| The New Daily| 20 June 2021 https://thenewdaily.com.au/finance/finance-news/2021/06/20/economists-start-believing-well-see-a-rate-rise-sooner-rather-than-later/ A speech by one of the Reserve Bank of Australia’s top officials will provide an opportunity to respond to last week’s extraordinarily strong labour force figures…

How is the property market changing and how can you profit from it?

How is the property market changing and how can you profit from it?

While the housing market is strong, there are signs it’s slowing. Under these conditions knowing whether buyers can get finance will be key. The white-hot price gains of March moderated in April. Sydney auction clearance rates…

New year sees lenders turnaround times remain high

New year sees lenders turnaround times remain high

Broker Pulse | This month’s Broker Pulse results indicate that many of Australia’s largest ADIs are finding it difficult to keep up with demand from the increased activity within the property market but a handful…

Investor enquiries rise, FHBs wane: REA Group

Investor enquiries rise, FHBs wane: REA Group

Malavika Santhebennur| Mortgage Business| 14 May 2021 Investor enquiries rise, FHBs wane: REA Group – Mortgage Business A report has found that property investor enquiry spiked and first home buyer enquiry faded on the realestate.com.au…

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