Lender

The major bank has launched its digital home loan division, Unloan, which is a product that has a progressive interest rate discount.

Two ex-big four executives have teamed up to launch a new non-bank lender, targeting older Australians who want to help their children enter the property market.

The non-bank lender has priced its first Australian RMBS transaction for the year, said to be the largest-ever capital markets issuance to date.

Home and business lending carried the Commonwealth Bank’s third-quarter cash profits of $2.4 billion.

A bridging loan specialist expects to see borrowers shopping around as the cash rate rises, with non-banks tipped to benefit.

Owner-occupiers carried Westpac's mortgage book growth over the six months to March, while the investor segment continued to fall. 

The big four’s squeezed margins could benefit from a rising cash rate, but analysts have tipped it will be countered by fierce competition and increased impairments.

Macquarie grew its home loan book by 34 per cent in the past year, but its chief has retained a cautious outlook amid ongoing uncertainty.

The big four bank’s chief has said the group is bracing for a rise in refinances, as home loan rates have begun to climb.

The non-major bank has reported, albeit marginal, growth in loans over the first quarter of the calendar year.