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'Mortgage prison' sees Aussies lose thousands in potential savings

May 26, 2023

Some borrowers have found themselves locked in a 'mortgage prison', potentially costing them more than $10,000 in savings per year.

Wes Webster Sally Tindall Effie Zahos Australian Prudential Regulation Authority First Home Guarantee Serviceability Assessment

Source: thenewdaily.com.au

Lenders begin tweaking serviceability buffers

May 22, 2023

Several lenders have begun lowering their serviceability assessments for certain borrowers in a bid to help more customers refinance.

Annie Kane Ryan Gair Brokers Association Of Australia Australian Prudential Regulation Authority Streamlined Refinance Serviceability Assessment

Source: theadviser.com.au

ASIC sues Money3 for alleged responsible lending breaches

May 17, 2023

The financial services regulator has commenced civil penalty proceedings in the Federal Court against a car loan provider. The Australian Securities & Investments Commission (ASIC) has confirmed it i

Annie Kane National Credit Ms Court Sarah Court First Nations National Credit Act

Source: theadviser.com.au

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Serviceability Assessment News Today

'Mortgage prison' sees Aussies lose thousands in potential savings

Lenders begin tweaking serviceability buffers

ASIC sues Money3 for alleged responsible lending breaches

Explore More Categories