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Major banks pass on 50-bp rate hike
8 June 2022
Major banks pass on 50-bp rate hike

The big four banks have all announced that they will increase home loan variable interest rates by 0.50 per cent per annum for new and existing customers.

BNK set to break into commercial
8 June 2022
BNK set to break into commercial

The ASX-listed mortgage lender has announced plans to diversify into commercial lending and overhaul its technology offering.

Lenders roll out cost-of-living incentives to tempt mortgagors
7 June 2022
Lenders roll out cost-of-living incentives to tempt mortgagors

ANALYSIS Mortgage lenders are increasingly offering sweeteners to mortgagors that specifically target cost-of-living concerns, as refinancing competition heats up.

Majority of ANZ mortgage hurdles still checked manually
7 June 2022
Majority of ANZ mortgage hurdles still checked manually

ANZ’s retail head has revealed there are more than 1,300 obligations the bank must clear before approving an average mortgage – but many are still assessed by hand.

Pepper prices 1st social bond
6 June 2022
Pepper prices 1st social bond

The non-bank lender has raised $300 million for its first social bond, which will finance loans that deliver positive social outcomes. 

Lenders ranked in annual independent broker survey
3 June 2022
Lenders ranked in annual independent broker survey

The results of Momentum Intelligence’s 2022 Third-Party Lending survey of residential mortgage brokers have been released, revealing which lenders are the best-performing in the third-party ...

Heartland completes StockCo Australia acquisition
3 June 2022
Andrew Dixson

The reverse mortgage provider has confirmed its $154.4 million purchase of the agri lender, expanding its overall presence in Australia.

Aussie brokers the big winners as Lendi Group celebrates 1st birthday
1 June 2022
Aussie brokers the big winners as Lendi Group celebrates 1st birthday

It’s been one year since the merger of Aussie and Lendi to form Lendi Group, and the benefits have already flowed in the brokers’ direction, as they harness the combined strength of the ...

NAB finalises $1.2bn Citi acquisition
1 June 2022
NAB finalises $1.2bn Citi acquisition

NAB’s efforts to secure Citigroup’s Australian consumer bank for $1.2 billion have come to fruition.

ANZ mortgage run-off woes continue
1 June 2022
ANZ mortgage run-off woes continue

The major bank has recorded another drop in its owner-occupied book after falling by around $300 million in April, according to APRA stats.