Lender

The pandemic and ongoing lockdowns have had little effect on debt serviceability in Australia so far, according to a new report.

Heartland has recruited two new directors, including an ex-APRA member and banking executive.

The major banks and a number of lenders have signed an open letter to the government, asking it to stick to its path out of lockdowns.

The non-bank lender has priced a $1 billion residential mortgage-backed securities transaction at pre-GFC margins.

An executive has revealed the big four bank is working to deflate its broker loan assessment times, as its book has slimmed.

Three of the big four banks saw a decline in their investor loan portfolios in July, while ANZ’s owner-occupier loan book also fell, according to the latest data.

Tasmania has recorded the biggest fall in housing affordability, with average home loan amounts rising by over 340 per cent in the last 20 years, according to research.

The non-bank lender has appointed a lending manager, based in the company’s Sydney office.

The major bank is set to close six branches, including pulling out of Hamilton Island.

Bendigo and Adelaide Bank Limited has appointed the former chief executive of Deloitte Australia as a non-executive director.