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ANZ suffers $1.9bn quarterly hit to mortgage book

The major bank’s home loan portfolio has contracted for three consecutive months, with a cumulative fall of $1.9 billion, new APRA data has revealed.

ANZ
Mutual lender CEO to step down

The chief executive officer of Australia’s largest credit union is to step down from his role this year, after electing not to extend his five-year contract.

Mutual lender CEO to step down
NAB’s customer remediation costs surpass $1bn

The major bank has revealed that its earnings are to be hit by an additional $522 million in customer-remediation costs.

NAB
LATEST PODCAST: The Third-Party Lending Report in summary

The Mortgage Business Uncut podcast is your weekly analysis of the biggest themes shaping the Australian mortgages market.

Mortgage Business, Uncut
ANZ reveals new principles for dispute resolution

The big four bank has created 15 dispute resolution principles for handling customer complaints and legal matters fairly. 

ANZ
Marketplace lending up 45%, ASIC reports

A new report released by ASIC has highlighted the continued growth of marketplace lending, with new borrowings increasing by 45 per cent year-on-year.

ASIC
La Trobe prices eighth $750m RMBS

The non-bank lender has announced that it has successfully priced its eighth $750 million residential mortgage-backed security.

La Trobe prices eighth $750m RMBS
SME lender goes into voluntary administration

Axsesstoday has entered into voluntary administration after senior lenders revoked their support for the business.

mortgagebusiness
Westpac reprices home loans

The major lender has announced mortgage rate changes for both owner-occupied and investment home loans.

Westpac
Bendigo offloads financial planning book for $3m

Bendigo and Adelaide Bank is selling its financial advice assets in a deal worth $3 million.

Bendigo
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