Lender

The major bank’s home loan balance fell $4.5 billion in the September quarter, with a drop-off in broker-introduced loans.

The non-bank lender’s chief executive expects a positive 2024 after what was a “challenging” financial year 2023 for the group.

The private lender has bolstered its senior executive team with a new chief operating officer and general manager, loan origination and credit.

While borrowers behind on loan repayments remain at low levels, EY has called on banks to monitor arrears as the full effect of rate hikes still looms.

The major bank looks to continue to grow its digital home loan product after its launch earlier this month.

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

The mutual lender has announced a new alliance with NextGen in its pursuit towards digitisation.

The major lender has made its abuse detection artificial intelligence model available to banks globally.

While home lending “remains a key market”, the major lender will be “tilting towards” its business bank, according to its chief executive.

The bank’s mortgage book grew 6 per cent in the six months to September, taking its consumer home loan portfolio to $114 billion or 5.1 per cent of the Australian market.