Lender

The mutual lender’s book has grown to over $8 billion, following strong growth in the final quarter of the financial year 2021, partly attributed to the broker channel.

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Reverse mortgage lenders have accessed a small fraction of the potential retiree housing market in Australia, according to Deloitte.

Pepper Money has priced its second I-Prime deal for the year, upsizing the figure to $850 million.

The LMI provider has announced a new CFO following the resignation of its current CFO, effective 24 September.

A high rate of loan repayments through the pandemic has somewhat slowed the growth of Heritage Bank’s book, despite a surge in approvals.

Heritage Bank has seen an uptick in lending in the past year, as its board continues to mull a merger with People’s Choice.

An overwhelming majority of Pulse Credit Union members have supported the proposed deal with Teachers Mutual Bank Ltd, with the two companies now looking to merge in November.

Three-quarters of borrowers are angry that new mortgagors typically receive lower rates, according to new research, with the “loyalty tax” estimated to cost $9 billion.

Both new and refinancing customers of the non-major bank could be eligible for a $3,000 cashback offer.