Displaying items by tag: Mortgages

GUEST RESEARCH:  New research from Roy Morgan shows there are now 1,659,000 mortgage holders (29.5%) ‘At Risk’ of ‘mortgage stress’ in the three months to August 2024. This represents a decrease of 0.3% points on the July figures after the introduction of the Stage 3 tax cuts increased household income for millions of Australians over the last few months – including many mortgage holders.

COMPANY NEWS:  New data solution supports company’s first Residential Mortgage-Backed Securities (RMBS) public term issuance.

The competition watchdog, the Australian Competition and Consumer Commission, has decided not to grant merger authorisation for ANZ Banking Group (ASX:ANZ) to acquire Suncorp Group’s (ASX:SUN) banking arm.

Five months after it obtained a deposit-taking licence from the regulator APRA, the Australian digital bank 86 400 has started offering home loans with next to no paperwork, speeding up the time it takes from application to approval.

Australian loan bidding platform, LoanDolphin, has raised $1.1 million from key investors, with the funds to be used to expand its presence in capital city markets and in a bid to claim a stake in Australia’s $1.5 trillion home loan market.

Money management and personal finance app Pocketbook has launched into the home loan market, teaming up with mortgage broking company, 1300Home Loan, to offer users a new way to track and optimise their home loans.