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The neo-lender has acquired the mortgage manager in a move to “create greater competition” and a broader range of solutions for brokers and their clients.

The fintech lender has entered a strategic partnership with a major bank to launch a new car and electric vehicle loan.

The income needed to service new mortgages on the average dwelling value has increased year on year, a new report has found.

The majority of borrowers have remained resilient in the wake of rising interest rates, the credit ratings reporter has found.

The lender’s outgoing MD has flagged ongoing cost pressures in mortgage lending, adding he was “relieved” the bank did not offer cashbacks.

The newly appointed deputy governor of Australia’s central bank has more than 30 years of experience with the Bank of England.

The customer-owned bank has revealed it is overhauling its loan origination system and looking to grow its broker presence as it builds its book.

A fraud protection endeavour has been launched, including a $100 million investment to create a new confirmation of payee system.

The non-bank lender has announced the completion of its third transaction of 2023.

With 3,084 homes going under the hammer, Australia’s combined capitals are gearing up for their second busiest auction week of the year.

Following the RBA governor’s speech where she has said inflation was “increasingly homegrown”, economists are undecided on further rate increases.

The mutuals have achieved a greater increase in total gross loans than other ADIs, according to KPMG’s Mutuals Industry Review 2023.

Cost-of-living pressures are affecting Australians of every age and occupation. New research, though, has exposed the disproportionate costs for the retirement age population.

Three Westpac subsidiaries have joined the lender panel of the government’s Home Guarantee Scheme that enables Australians to access LMI-free mortgages.

Lenders are being urged to improve their hardship services with an increasing number of Australians needing assistance.