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Suncorp reports marginal mortgage growth

The non-major has reported a 0.4 per cent increase in its home loan portfolio, with housing loans rising marginally to $47.8 billion in FY19.

mortgagebusiness
APRA ‘on track’ with applying Hayne recommendations

The prudential regulator has announced that it is on track with implementing recommendations from the banking royal commission, with revised standards slated for release by the end of 2019

APRA ‘on track’ with applying Hayne recommendations
ANZ announces remuneration reforms

The major bank has announced changes to its remuneration structure as part of its response to the banking royal commission’s final recommendations.

Shayne Elliott
HSBC leads non-majors’ charge in mortgage space

HSBC Australia has reported mortgage portfolio growth of $1.7 billion over the June quarter, coinciding with a spike in the market share of the non-major lenders.

HSBC
CBA receives multibillion-dollar post-election mortgage boost

The touted improvement in housing market sentiment off the back of the federal election has been reflected in the latest APRA data, with the Commonwealth Bank the largest beneficiary.

Commonwealth Bank of Australia
NAB flags large-scale customer data breach

The major bank has revealed that the private information of approximately 13,000 of its customers has been uploaded to the servers of two unauthorised companies.

NAB
Lenders continue easing serviceability policies

Two more credit providers have announced changes to their home lending policies, as the market’s response to APRA’s new mortgage serviceability guidance continues. 

Lenders continue easing serviceability policies
Fintech lender hits back at 86 400 comments

Digital lender Tic:Toc has highlighted that it is already offering digital home loans, after the CEO of neobank 86 400 said he did not believe “anyone has really solved a direct digital home ...

Fintech lender hits back at 86 400 comments
CBA amends home lending policy

The major bank has lowered its interest rate floor for mortgage serviceability assessments, becoming the third major bank to amend its policy following changes to APRA’s regulatory guidance

CBA amends home lending policy
SME lender changes name to reflect new vision

Lending Express has been rebranded to Become to reflect that it offers “much more than just speed” to small businesses in need of funding. 

SME lender changes name to reflect new vision
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