Lender

Westpac board member steps down
18 July 2023

An independent, non-executive director has stepped down from the board of the major bank, effective immediately.

Mortgage brokers vital to home buyer education and financial wellbeing
18 July 2023

In today’s economic climate of rising living costs and financial uncertainty, home buyer education via mortgage brokers is key to ensuring more people have the opportunity to achieve ...

LATEST PODCAST: Rising mortgage rates put pressure on home owners as building insurance becomes a concern
17 July 2023

In this episode of Mortgage Business Uncut, Alex Whitlock, Annie Kane, and Kate Aubrey discuss the recent property market trends and the challenges faced by borrowers. They highlight the ...

ANZ calls extended cash rate pause
17 July 2023

The major bank has changed its RBA call and now believes a hold in August is most likely.

Unemployment biggest driver of mortgage stress: CBA
14 July 2023

Unemployment has been cited as one of the main reasons behind mortgage stress, according to CBA’s chief executive.

Westpac eyes high DTI borrowers
14 July 2023

Westpac’s chief executive has said borrowers “need to engage” with the bank when a broker is not involved.

NAB ‘pleasantly surprised’ at low defaults rate
13 July 2023

While arrears rates are starting to tick up, the chief executive of the major bank has said he is ‘pleasantly surprised’ that they are still below pre-COVID-19 levels.

Reducing buffer won't materially help customers: ANZ
12 July 2023

The major bank has maintained that APRA's serviceability buffer of 3 per cent is appropriate.

In Memoriam: Craig ‘Bakes’ Bacon, 1967–2023
12 July 2023

Craig ‘Bakes’ Bacon, an instrumental player in building the electronic gateway to allow brokers to lodge loans electronically, has passed away suddenly at the age of 55.

RBA assistant governor appointed to Westpac
11 July 2023

The major bank has announced Luci Ellis has been appointed as chief economist.