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Briefs: June quarter credit flow surprise, LJ Hooker partners with Brighten

Publication Date: Wednesday, 09 September 2020
This article originally appeared in Banking Day

Briefs: June quarter credit flow surprise, LJ Hooker partners with Brighten

  • Credit flows to households were surprisingly robust during the June quarter, APRA’s quarterly ADI property exposures statistics suggest. New housing loans funded were A$112 billion during the quarter, up from $95 billion in March. Loans refinanced climbed $12 billion to $35 billion over the June 2020 quarter, while loans handled by third-party originators increased $11 billion to $59 billion.
  • LJ Hooker Home Loans has signed up Brighten Home Loans as a funder for its white label program. LJ Hooker Home loans operates through 26 franchisees and has a loan book worth A$4 billion.

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