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Prolonged rise in riskier loans could spur intervention

While the recent rise in “riskier” lending is not enough to prompt a regulatory response in the near term, this could change if this trend speeds up, CoreLogic has warned.

Prolonged rise in riskier loans could spur intervention
CBA to roll out BNPL offering

The big four bank is set to roll out a buy now, pay later offering for customers, which can be used wherever Mastercard debit and credit card payments are accepted.

CBA to roll out BNPL offering
Loan delinquency to rise, then fall in 2021

Mortgage delinquencies will rise over the first half of 2021 as support measures expire but will decline later in the year as the economy improves, according to new analysis.

Loan delinquency to rise, then fall in 2021
Auswide prices $40m senior unsecured FRN

The non-major bank has priced a three-year senior unsecured floating rate note tranche, which it says will assist with “growth in its housing and consumer loan portfolio”.

Auswide prices $40m senior unsecured FRN
Firstmac issues warning on SMSF loans offsets

The lender said it has shelved plans to offer an offset with its residential SMSF lending product after receiving advice that such products may “fall foul” of superannuation laws.

Firstmac issues warning on SMSF loans offsets
New SME Recovery Loan Scheme welcomed

Lenders have welcomed the government’s new SME Recovery Loan Scheme for businesses receiving JobKeeper, citing it as a “thoughtful extension” to the hardest-hit businesses.

New SME Recovery Loan Scheme welcomed
Small-business finance platform enters market

A new finance platform that allows small businesses to access equity, grants and loans has launched in Australia.

Small-business finance platform enters market
Arrears rise as mortgage relief periods end: S&P

Australian mortgage arrears are starting to rise as fiscal stimulus measures taper and mortgage relief periods end for many borrowers, but economic recovery and lower interest rates are ...

Arrears rise as mortgage relief periods end: S&P
Tasmanian HomeBuilder applications 3x over forecast

The popularity of HomeBuilder in Tasmania has delivered a threefold increase in applications over initial forecasts.

Tasmanian HomeBuilder applications 3x over forecast
Plenti launches green BNPL finance

The non-bank lender has announced the launch of specialist interest-free finance option for renewable energy technology.

Plenti launches green BNPL finance
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