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Investors cautioned against rolling IO loans
13 October 2022
Investors cautioned against rolling IO loans

The prudential regulator has flagged that investors relying on property sales to service consecutive interest-only loans is “not good banking practice”.

Repayment concerns mounting for Australians: AMP Bank
13 October 2022
Repayment concerns mounting for Australians: AMP Bank

Almost two-thirds of Australian home owners are concerned about meeting their mortgage payments amid the ongoing interest rate hikes.

Pepper prices $750m RMBS
10 October 2022
Pepper prices $750m RMBS

The non-bank lender has priced its seventh residential mortgage-backed security transaction, taking funds raised this year to over $5 billion.

TMBL loan book grows 10% in a year
7 October 2022
TMBL loan book grows 10% in a year

Teachers Mutual Bank Limited’s balances totalled $8.5 billion at the end of financial year, up 9.9 per cent on last year, the banking group has revealed.

Resimac cuts turnarounds to 2 days
7 October 2022
Resimac cuts turnarounds to 2 days

The non-bank lender has enhanced its loan origination system and made changes based on channel feedback to better benefit brokers and customers.

APRA revokes French bank’s licence
6 October 2022
APRA revokes French bank’s licence

BNP Paribas Securities Services’ authorised deposit-taking institution (ADI) licence has been terminated, post-restructure.

Refinancing hits new record high: ABS
5 October 2022
Refinancing hits new record high: ABS

The value of owner-occupier refinances set a new record high in August, after $18.8 billion of mortgages were moved across lenders, according to new data.

Non-bank funder loses CEO amid ‘intense’ pressure
28 September 2022
Non-bank funder loses CEO amid ‘intense’ pressure

An ASX-listed business with a family office that funds a non-bank lender saw its share price plummet 14 per cent on Monday (26 September) after losing its second chief executive in two years

Greater Bank and Newcastle Permanent merger gets go-ahead
27 September 2022
Greater Bank and Newcastle Permanent merger gets go-ahead

Two mutual banks based in the Hunter Region of NSW are set to consolidate after the corporate deals were approved.

APRA green-lights neobank amid local failures
27 September 2022
APRA green-lights neobank amid local failures

The prudential regulator has extended a Chinese-founded neobank’s RADI on the back of neo-lender closures.