Powered by MOMENTUM MEDIA
Mortgage business logo

Lender

Westpac revamps FHB offering

The major bank has “simplified” its mortgage offering for first home buyers, introducing new owner-occupied products and withdrawing some of its fixed rate investment loans.

Westpac
Owner-occupiers fuelling lending bounce

The ABS has reported an increase in housing finance commitments off the back of an “upside surprise” in the value of owner-occupied lending.  

Suburbs
Last week to comment on APRA’s serviceability proposals

It is the final week to provide feedback on APRA’s proposal to amend its guidance on serviceability assessments.

APRA
HIA commends new housing minister’s focus on supply

The Housing Industry Association is encouraged by the new housing minister’s commitment to improving housing supply.

HIA commends new housing minister’s focus on supply
NAB to remediate thousands of mortgage customers

The major bank will be required to remediate almost 5,000 additional home loan customers that were overcharged interest after it failed to properly link their loans to offset accounts.

NAB
More lenders commit to full RBA rate cut

Macquarie Bank, ING, and two customer-owned banks are among the lenders that have also now committed to passing on the RBA’s 25 basis point rate reduction to mortgagors, while Suncorp and ...

More lenders commit to full RBA rate cut
Two former CBA employees charged with fraud

A former senior manager and a former manager at the major bank have been charged with fraud after allegedly misappropriating nearly half a million dollars from the bank’s internal accounts

Two former CBA employees charged with fraud
Lenders begin to pass on RBA rate cut

Several lenders, including some of the major banks, have reduced their variable interest rates by 25 basis points following the RBA’s decision to reduce the cash rate to a new record low

Lenders begin to pass on RBA rate cut
Lenders offload insurance businesses

A major bank and a non-major lender have successfully completed the sale of their insurance businesses, while AMP has delayed the commencement date of its new group CFO due to insurance sale ...

AMP
ANZ’s mortgage book continues thinning

The big four bank’s residential home loan portfolio has now dropped by $2.4 billion since the turn of the year, with the lender losing more ground to its major competitors.

ANZ
brokerpulse logo

 

Join Australia's most informed brokers

Do you know which lenders are providing brokers and their customers with the best service?

Use this monthly data to make informed decisions about which lenders to use. Simply contribute to the survey and we'll send you the results directly to your inbox - completely free!

brokerpulse graph