Banks over the last three years have let leading standards slip, in an effort to compete with non conforming lenders [sub-prime lenders]. This has lead to higher defaults and foreclosures and that is no good for anyone involved. But are the extra credit reporting requirements really necessary?
Continue reading about Banks to be Big Brother in credit report profiling
True Cost Calculates Rates and Fees over Expected Years in Home to Help Borrowers Find Most Affordable Home Loan for Them
It is beginning to look like Australia will dodge the recession bullet. Australians’ confidence in the future have risen its best level in nearly two years, as home buyers and homeowners grew more optimistic about an early economic recovery. A predicted slide in house values hasn’t happened, and in many parts of the economy its business as usual.
Continue reading about Home buyers and homeowners confidence highest in 2 years
Bendigo Bank wants to expand wealth management with its $1.2 billion bid for wholesale customer darling Adelaide Bank.
Bendigo and Adelaide, which hold the top two positions in Roy Morgan’s poll of banking customer satisfaction, will become a $4 billion company and break into the top 70 listed companies in Australia after the merger.
Bendigo chief executive [...]
A federal parliamentary committee will host a public hearing in Canberra as part of its investigation into home lending practices.
The House of Representatives Economics Committee (HREC) will hear submissions from financial institutions on the growing number of mortgage defaults and foreclosures as more people struggle with their home loan repayments.
HREC deputy chair Sharon Bird says [...]
Continue reading about Home loan lending practices under parliamentary scrutiny
