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New lending ‘norm’ continues drag on property prices

Stricter mortgage lending standards are expected to continue placing downward pressure on dwelling values, with the latest CoreLogic figures reporting a further nationwide decline.

suburbs
ANZ trailing the pack in mortgage volumes

ANZ is the only big four bank to report a decline in home lending volumes in early 2019, with its mortgage book thinning by $700 million, new APRA data has revealed.  

Westpac, CBA, ANZ, NAB
Digital lender launches home loan offering

Athena Home Loans has marked its entry into the Australian mortgage market with the launch of a new home loan offering.

Nathan Walsh
SME lender terminates CFO

Axsesstoday’s chief financial officer has been terminated by the lender’s newly appointed chief executive, who is now on the hunt for a permanent replacement.

mortgagebusiness
CBA’s group general counsel to retire

The Commonwealth Bank of Australia’s group general counsel, who played a “critical role” in the bank’s AUSTRAC, BBSW, APRA inquiry and royal commission challenges, is to retire later this ...

Anna Lenahan
Can responsible lending help save the broking industry?

Although the banking royal commission’s recommendations criticised home loan broker commissions, the complexity of obtaining home loans may make the service brokers provide borrowers even ...

Can responsible lending help save the broking industry?
Non-bank lender names new general manager

Resicom has announced the appointment of Natalie Sheehan to the role of general manager.

Natalie Sheehan
Westpac slapped with class action over mortgage approvals

A class action suit has been filed against the major bank for allegedly approving home loans outside serviceability.

Gavel
Outgoing NAB boss to receive $1m payout

The major bank has revealed that its outgoing chief executive will receive a $1 million payout, but will lose out on unvested awards.

NAB
Bank revises home lending policy

A non-major lender has announced a number of credit policy changes, including the addition of a maximum debt to income ratio.

Teachers Mutual Bank
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