Lender

The major bank wrote almost $50 billion in new home loans in 1H23, with the proprietary channel originating less than half of new flows.

Mortgage brokers originated 64 per cent of ANZ’s new mortgages in 1H23, up 11 percentage points on the same period last year.

Home loans now make up 35 per cent of the lender’s asset portfolio, with growth driven by lower loan-to-value and owner-occupier lending.

The big four banks have passed on the central bank’s rate hike for May, as mortgage holders brace for higher repayments.*

The former chief executive of MyState Ltd is set to join the non-major bank as its new CEO later this month.

The firm is planning to expand its credit investment platform into the US and launch the new MA Global Private Credit Fund on the back of the acquisition.

Matt Wood, the head of mortgage distribution at Citi, and several members of the third-party channel team have been made redundant following NAB’s acquisition of the banking business.

Permanent residents, cohabiting friends, and previous home owners will be able to access the Home Guarantee Scheme in July, the federal government has announced.

BNK Banking Corporation Limited has provided a trading update for the third quarter of the 2023 financial year.

Firstmac has announced the appointment of former Westpac senior executive Craig Parker as its new independent director.