Westpac jumps gun, lowers APRA buffers – Select mortgage brokers have been informed by Westpac-owned St George Bank the serviceability floor – which is the minimum interest rate a borrower must be able to pay – has been reduced to 6.5 per.
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Foreign and local borrowers hit by Westpac credit shake-up – Intermediaries, such as mortgage and finance brokers, have welcomed some of the changes but feared. of tightening by Westpac and its subsidiaries – Bank of Melbourne, St George Bank and BankSA -.
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Westpac commission ‘review’ outrages mortgage brokers – Three of the group’s mortgage broker bosses, including Westpac’s Tony MacRae and St George’s Malcolm Withers, have written to mortgage "aggregators" – companies that represent thousands of brokers -.
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CBA overhauls mortgage broker relationships after banking royal commission disclosures – Commonwealth Bank of Australia, the nation’s largest mortgage lender, is overhauling the way it rewards mortgage brokers to empasise "value rather. and which includes Bank of Melbourne, BankSA and.
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