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Lender
NAB tightens lodgement standards to reduce lags
by Charbel Kadib • 16 Jun 2020
The major bank has announced a number of changes to its submission standards for loan applications in a bid to...
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Lockdown triggering more retirement conversations
by Annie Kane • 12 Jun 2020
More brokers are looking to retire or semi-retire after spending more time at home due to the COVID-19 social...
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AOFM to invest $90m in Prospa warehouse
by Hannah Dowling • 12 Jun 2020
The Australian Office of Financial Management has approved a maximum investment of $90 million into a Prospa Group...
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CBA faces class action over credit insurance
by Annie Kane • 11 Jun 2020
A class action has been filed against Commonwealth Bank in relation to allegations that the major bank sold its...
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Lender lifts fixed mortgage rates
by Reporter • 11 Jun 2020
A non-major lender has announced fixed-rate increases across both its owner-occupied and investment home loans.
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New non-resident loan product launched
by Hannah Dowling • 11 Jun 2020
Better Choice Home Loans has announced the launch of a new mortgage product for non-residents wishing to purchase a...
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Deferral customers prematurely resuming repayments: ANZ
by Charbel Kadib • 9 Jun 2020
One in three mortgage deferral customers has opted to recommence paying down their debt ahead of the expiry of their...
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AFG welcomes specialist lender to its panel
by Hannah Dowling • 5 Jun 2020
The aggregator has welcomed specialty asset finance lender Australian Motorcycle & Marine Finance (AMMF) to AFG...
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Major bank overhauls assessment process
by Charbel Kadib • 3 Jun 2020
A big four bank has bolstered its assessment team and will prioritise “sensitive” loan applications to address a...
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CBA announces interest-only lifeline
by Annie Kane • 2 Jun 2020
The bank has become the second major lender to offer customers the option to switch to interest-only repayments, or...
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