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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.

Aussie class action probe hinges on BID
26 September 2022
Aussie class action probe hinges on BID

EXCLUSIVE The feasibility study into a potential class action against Aussie Home Loans is rooted in best interest duty. 

1 in 5 Aussies prepared to lie for loans
23 September 2022
1 in 5 Aussies prepared to lie for loans

A damning new report has shone a light on the growing issue of multifaceted and complex loan-seeker fraud in the domestic mortgage market.

International borrowers wary of Aussie rate rises
20 September 2022
International borrowers wary of Aussie rate rises

Expats, visa holders and non-residents buying Aussie property should help create some market strength, but caution prevails after recent rate increases.