Lender

Long-term borrowers are paying up to $70,000 more in repayments than first-time customers, according to new figures released by the broking group.

The Reserve Bank of Australia has announced two heads of department as it promotes from within.

The former head of open banking at Great Southern Bank has joined Police & Nurses Limited as its new GM of data & open banking.

The third-party channel is now responsible for more than half of Bendigo and Adelaide Bank’s loan book, new data shows.

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

Members of the broking industry have welcomed the appointment of Anja Pannek as the new chief executive of the Mortgage & Finance Association of Australia.

A big four bank has distributed a further $2 million in funding to support flood victims across Australia’s east coast.

The banking arm of AMP saw its residential mortgage book increase to $22.4 billion, or 9 per cent, in the first half of its financial year.

While the majority of NAB customers are ahead on their home loans, 1 in 5 has felt financially stressed in the last 90 days, a bank survey has found.

Commonwealth Bank of Australia has reported home lending grew by 7.4 per cent over the financial year 2022, but slowed in the latter half amid rate rises.