Yesterday
NAB calls for lower home loan buffer to help first-time buyers
In a submission to the Senate inquiry, NAB says dropping HECS-HELP debt from serviceability calculations for first home buyers would boost borrowing capacity.
- James Eyers
Banks blocked from factoring in rising income when assessing loans
A bank boss says it is “absurd” that regulations prevent expectations that a young, professional borrower’s income will rise after they apply for a home loan.
- Updated
- James Eyers
This Month
- Analysis
- Home loans
Buffer or blocker? Why APRA’s serviceability rule is so controversial
CBA boss Matt Comyn has defended APRA’s prudential settings from political attacks, saying housing policy must focus on supply.
- James Eyers
Credit score agencies combine, creating Australia’s newest duopoly
Experian has completed its $820 million acquisition of Illion, which Experian’s CEO says will help banks assess credit risk more dynamically.
- James Eyers
September
Open banking limps to life with ANZ customers seeking full picture
ANZ is the first major bank to use open banking to aggregate multiple accounts through its app. Ultimately, it will be used as a tool to lure new customers.
- James Eyers
Private credit creeps past 10pc of business lending, RBA says
The rapid take-off in opaque private credit lending has prompted concerns in some pockets of the financial system.
- Lucas Baird
- Opinion
- Chanticleer
McCann’s first trick at Star is to buy time, next he needs performance
Star Entertainment’s board hired Steve McCann for his deal nous. He had to call on it sooner than we all expected.
- Anthony Macdonald
August
- Exclusive
- Credit crunch
Melbourne private capital firm lands in ASIC’s line of sight
Oak Capital describes itself as a “mid-tier” non-bank lender and specialises in real estate financing. The regulator has stepped up it scrutiny of the sector.
- Primrose Riordan and Aaron Weinman
Overdue loans swamp private credit giant lending to Sydney’s wealthy
The local lender has previously written loans for some of Sydney’s most colourful businessmen. Growing arrears aren’t always made clear to its investors.
- Primrose Riordan, Aaron Weinman and Jonathan Shapiro
- Opinion
- Chanticleer
Euro summer madness is making markets look extreme
It’s easy to forget what day-to-day life looks like on the other side of the world at the moment. But it is an important part of the market sell-off story.
- Anthony Macdonald
July
Trim mortgage ‘risk weights’ to help first home buyers: Barrenjoey
Barrenjoey called on APRA to allow banks to reduce mortgage “risk weightings” for first-time borrowers and for ASIC to drop HECS debt from responsible lending.
- James Eyers
Booming Cash Converters revenues point to squeeze on the poor
The ASX-listed pawnbroker told investors the increase was partly tied to “mainstream finance” being “more difficult to access” for many of its customers.
- James Eyers
This private credit fund is going big on companies failing ESG tests
Balmain Corporation said it had considered calling the strategy a “Vulture Series” – but decided naming it after a different bird of prey was more appropriate.
- Primrose Riordan
Beaconsfield says Keystone demands forced receiver appointment for NQH
The US investment manager says it was forced to appoint receivers after Keystone Asset Management demanded immediate repayment of a $15 million unsecured loan.
- Max Mason
‘Wholly inadequate’: Non-bank lender pinged by new rules
Firstmac has become the first financial outfit pinged by new regulations designed to ensure suitable products are promoted to customers.
- Max Mason
June
Lending rules ‘locking out’ house buyers: ANZ CEO
The banks have become increasingly strident in their criticism of lending rules, warning it is preventing access to home loans except for the wealthy.
- James Eyers
CBA has fighting words as it prepares to get one back at Macquarie
Commonwealth Bank’s move to chase $20 billion in real estate agents’ bank accounts seems bitsy, until you realise who it is going after.
- Anthony Macdonald
Afterpay says Treasury has overreached on BNPL regulation
Consumer groups, banks and even the corporate regulator say they also have concerns about Labor’s proposed laws to regulate buy now, pay later as credit.
- James Eyers
May
- Opinion
- Chanticleer
KKR partner’s simple reason why private credit is running hot
From David Di Pilla’s HMC Capital to Pengana’s newly listed trust, private credit is everywhere you look. A 20-year industry veteran helps us understand why.
- Anthony Macdonald
You’re no Afterpay: judge finds payday loans breached law
The findings against the lending scheme, which involved a former Super Rugby player, came despite claims of similarity to buy now, pay later operations.
- Updated
- Liam Walsh