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Bendigo opens second phase of $250m capital raise

The non-major has invited eligible shareholders to invest in new ordinary share issued to the market as part of a capital raise aimed at funding its home-lending strategy.

Bendigo opens second phase of $250m capital raise
ANZ slashes home loan rates by up to 86 bps

ANZ is “hot on the heels” of the Commonwealth Bank after cutting mortgage rates across both its owner-occupied and investment home loan products.

ANZ slashes home loan rates
NAB app offers gambling blocking

A major bank is offering the option to block gambling transactions via its app with immediate effect.

NAB app offers gambling blocking
Nationwide broker survey on lender performance launches

A major survey of the lending space has launched, calling on brokers to assess the performance of Australia’s mortgage lenders in a bid to help them improve their service offering to the ...

Nationwide broker survey on lender performance launches
CBA cuts mortgage rates by up to 50 bps

The major bank has announced mortgage rate reduction for both owner-occupiers and investors.

CBA
NAB earnings withstand lending slump

The big four bank’s underlying earnings have remained stable despite a contraction in its mortgage portfolio.

NAB
‘Unusually’ strong lending growth won’t persist: CBA CEO

The Commonwealth Bank has delivered home-lending growth well above system, its financial results have revealed. However, CEO Matt Comyn does not expect the trend to continue.

CBA CEO Matt Comyn
Lender secures NAB-backed warehouse facility

Non-bank lender SocietyOne has established a $100-million NAB-arranged warehouse facility and closed a $15-million equity raise, as it prepares for growth and a potential IPO this year.

Growth
Lenders charging loyalty tax, confirms RBA

The central bank has urged borrowers to “shop around” for a lower rate amid new data that sheds light on the interest rate gap between new and existing customers.  

Lenders charging loyalty tax
Home-lending business to play second fiddle: Tic:Toc

The fintech has shed light on its long-term strategy in the mortgage market following the launch of its new enterprise business. 

Home lending business Tic Toc
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