Home loan

The Mortgage Business Uncut podcast is your weekly analysis of the biggest themes shaping the Australian mortgage market.

The latest piece of software will reportedly allow for increased competitiveness among brokers by streamlining processes.

The sustained rise in funding costs has forced the hand of another lender to increase its mortgage rates by up to 20 basis points.

Following the group’s restructure, the Lendi Group’s chief executive has set his sights on doubling market share to 12.4 per cent over the coming years.

Home loans and business banking loans both increased, but car loans dropped, the group has revealed.

Home loans now make up 35 per cent of the lender’s asset portfolio, with growth driven by lower loan-to-value and owner-occupier lending.

The non-major bank will pay a penalty of $820,000 after admitting to criminal charges relating to its handling of mortgages in 2018.

The association has released six recommendations to improve the home loan discharge process in its latest white paper report.

An affordability index has tracked the largest annual rise in the amount of average income needed to repay an average mortgage, since 2010.

Brokers continue to be the go-to choice for prospective borrowers, an association report has revealed.

Brokers have helped deliver a 6.9 per cent increase to MyState Bank’s loan book in just three months.

Borrowers will be able to connect virtually with a home loan banker within 15 minutes, according to a new move by a big four bank.

A jump in new owner-occupier mortgages was the primary driving force behind a $1.3 billion rise in housing loans through December.

Owner-occupier and investor loan commitments fell over the month, affirming earlier predictions of a cooling housing market.

OneTwo Home Loans, a new lender partnered by Lendi Group and 1835i, has launched into market with a mortgage that gives customers discounts on their interest rate as they pay it down.