Lender

Jul 5 2019

The prudential regulator has finalised its plans to amend its guidance relating to home loan serviceability assessments.

Jul 4 2019

The major bank has called on ASIC to consider amending its responsible lending guidance to reflect a borrower’s willingness to “make lifestyle adjustments” after securing a home loan

Jul 2 2019

The Reserve Bank’s second consecutive cut to the cash rate has elicited an immediate response from the mortgage market, prompting lenders to pass on the reduction to their mortgage customers

Jul 2 2019

A new Banking Code of Practice – which calls on signatories to cease charging commissions on lenders mortgage insurance,  among other updates – is now in effect.

Jul 2 2019

Community housing providers are now able to apply for grants of up to $20,000 to help them prepare the necessary finance and support needed for their loan applications.

Jul 1 2019

A new lender is now operating as a foreign ADI after being granted a licence from APRA.

Jul 1 2019

The major bank is making changes to its executive leadership team as the banks continues its “focus on earning trust and restoring the reputation” of the institution.

Jun 28 2019

Commonwealth Bank has committed to overhauling its privacy policies and procedures under an enforceable undertaking it has entered into with the Australian Information Commissioner.

Jun 26 2019

A multinational non-bank lender has commenced operation in Australia in a bid to disrupt the domestic market as it seeks to service unmet demand.