Mortgage arrears stable but set to rise as house prices fall

Mortgage arrears stable but set to rise as house prices fall

Posted April 12, 2018 16:22:19 Photo: Home prices have been falling in Sydney for seven months and slowing down in many other areas. (ABC News: Elise Pianegonda) There are six suburbs where the delinquency rate on mortgages is zero — that is, no-one is behind on their home loans. Well, …

Mortgage rates could rise on back of high global rates

Mortgage rates could rise on back of high global rates

Updated April 09, 2018 10:25:13 As record runs go, it barely raised an eyebrow. When there’s so much happening — cricket scandals, trade wars and the potential for military action — ongoing inaction generally isn’t a celebrated event. Last Tuesday, the Reserve Bank of Australia distinguished itself for equalling its …

Who do mortgage brokers work for — the borrower, the banks or themselves?

Who do mortgage brokers work for — the borrower, the banks or themselves?

Posted April 06, 2018 16:49:38 Photo: Royal Commissioner Kenneth Hayne’s simple question has banks and brokers stumbling for anwers. (AAP: Edie Jim) Related Story: Bribes, conflicts of interest and hidden fees: Banking royal commission off to incredible start Related Story: Banking royal commission highlights the conflict of interest at heart …

Banking royal commission highlights the conflict of interest at heart of mortgage broking

Banking royal commission highlights the conflict of interest at heart of mortgage broking

Updated March 23, 2018 17:30:37 Video: ‘Who’s the agent for who?’: Mortgage brokers in the spotlight at royal commission (ABC News) Related Story: Mortgage brokers do the ‘heavy lifting’, but may not save you money Cash envelopes filled with bribes, problem gamblers getting credit extensions and a bank manager transferring …

Mortgage brokers do the ‘heavy lifting’, but may not save you money

Mortgage brokers do the ‘heavy lifting’, but may not save you money

Posted March 21, 2018 08:58:27 Australia is witnessing the beginning of the end of the mortgage-broking industry, a prominent finance industry analyst claims. Key points: Analyst Martin North predicts relevance of mortgage brokers will wane as technology improves Comes as questionable lending practices exposed at banking royal commission North suggests …