Lender

In two separate mergers, Greater Bank and Newcastle Permanent have officially merged, as have Heritage Bank and People’s Choice.

The financial services group has released its 1H23 results, revealing a 19.9 per cent increase in its reverse mortgages receivables.

Mortgage lending continued to lift in January across owner-occupied and investor lending, APRA data revealed.

The digital bank has released its 1H23 results, reporting that its total lending portfolio has hit $2.8 billion.

The non-bank lender’s home loan settlements dropped 32 per cent in the half year ended December 2022, as prime borrowers flock to banks.

New research released by AMP Bank has indicated that mortgagors are taking measures to cushion the blow of rising interest rates.

The major bank announced it has lifted its RBA cash rate forecast from 3.85 per cent to 4.1 per cent.

A record $1.6 billion of home loans were settled by the non-major bank in the first half of the 2023 financial year, as it expanded its presence in the eastern seaboard.

The non-bank lender reported a new “record” to its total loans for the 2022 calendar year.

The 14th annual Third-Party Lending Survey has launched, with mortgage and finance brokers being called up to review the performance of lenders this past year.