Lender

The major bank has announced changes to its executive committee to accelerate transformation and development of common business services.

The non-bank lender bought Volt Bank’s residential loan book for $83 million, after the neobank folded earlier this year.

Mortgage insurance company Genworth has become a strategic partner of a home equity retirement funder, following a fundraising round.

Customers are being offered financial support for flood-affected areas across NSW, Victoria and Tasmania.

CBA chief executive Matt Comyn has welcomed the bank’s record year, which saw $157 billion in new lending to households. 

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

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

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

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.

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