Lender

A jump in new owner-occupier mortgages was the primary driving force behind a $1.3 billion rise in housing loans through December.

Bendigo and Adelaide Bank Limited has announced changes to its executive structure, bringing two banking businesses into one division and farewelling a chief executive.

The digital lender has recruited two new executives from Judo and Aussie.

The Reserve Bank’s governor has insisted the board is “prepared to be patient” and to wait for the right conditions for a cash rate change.

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Genworth will remain the exclusive lenders mortgage insurance (LMI) provider to the big four bank for another three years.

Bendigo and Adelaide Bank has stated this board addition will bring “valuable insight” as it continues its “transformation agenda”.

The Mortgage Business Uncut podcast is your weekly analysis of the biggest themes shaping the Australian mortgages market.

Customer-owned banks operate around four branches per $1 billion in assets, while the big four collectively run less than one shopfront per $1 billion.

2021 delivered immense traction for the open banking landscape and CDR legislation in Australia. It’s a year that has arguably put the nation ahead of leading financial markets like the UK ...