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The Royal Commission heard that ANZ had failed to accurately verify the living expenses of home loan customers referred to the bank by mortgage brokers, believing that this was the responsibility of the brokers, in spite of a conflict of interest in doing so; [70]: 465–469 [71] and that, due to processing issues, it had charged nearly 500,000 ...
Westpac, although suffering similar situations with defaulting loans, agreed to support AGC through the provision of substantial funding lines. The ensuing period from 1991 onwards saw a complete restructure of the management operations and policies including exit from most property lending, sale of offshore subsidiaries (excluding AGC New ...
Banking in Australia is dominated by four major banks: Commonwealth Bank, Westpac, Australia & New Zealand Banking Group and National Australia Bank.There are several smaller banks with a presence throughout the country which includes Bendigo and Adelaide Bank, Suncorp Bank, [1] and a large number of other financial institutions, such as credit unions, building societies and mutual banks ...
Whether you’re buying a home or refinancing, there’s some prep work involved when it comes to applying for a mortgage with more than one lender. Follow these steps: Follow these steps: Step 1.
Home equity loan: A home equity loan is a lump-sum loan, usually with a fixed rate, fixed monthly payments and a term between five and 30 years. You’ll typically need at least 20 percent equity ...
Mortgage Choice Limited, commonly known as Mortgage Choice, is an Australian mortgage broking firm. Mortgage Choice is a current member of the Franchise Council of Australia [ 1 ] as well as the Mortgage & Finance Association of Australia; [ 2 ] and holds a credit licence (number 382869) issued by ASIC.
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