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Royal commission a ‘non-event’ for the mortgage industry

Commissioner Hayne’s investigation into the efficiency and prudential effectiveness of mortgage lending was “clearly a non-event”, according to a chief economist.

Royal commission a ‘non-event’ for the mortgage industry
ANZ puts Hayne recommendations into effect

The major bank has revealed the raft of changes it will initially make in response to Commissioner Hayne’s recommendations, including no longer charging default interest to drought-stricken ...

Shayne Elliot
ANZ CEO rues ‘overly conservative’ lending policy

“Subdued” market sentiment, credit policy and process changes have been the cause of ANZ’s below system mortgage growth, CEO Shayne Elliott has conceded.

Shayne Elliot
Westpac earnings bolstered by rate hikes

The major bank’s net interest margin has been strengthened by its out-of-cycle mortgage rate hikes, contributing to quarterly cash earnings of over $2 billion.

Westpac
Moody’s welcomes responsible lending revisions

ASIC’s decision to undertake a review and consider changes to responsible lending guidelines will be “credit positive” for the mortgage industry, according to Moody’s Investors Service

mortgagebusiness
Suncorp Bank’s profits fall as mortgage lending slows

The non-major bank’s net profit after tax has dropped by 4.7 per cent, coinciding with weaker home lending performance.

Suncorp
ASIC to update responsible lending guidance

The corporate regulator has announced that it will undertake a review and consider changes to its responsible lending guidelines off the back of the banking royal commission. 

ASIC
Mortgage commitments down 4.4% in December

The value of total home loan commitments fell by 4.4 per cent over the month in December, according to the latest ABS data.

Mortgage
Lenders announce out-of-cycle rate changes

A major bank and its subsidiaries, along with Macquarie Bank, have changed interest rates on a range of loans for both owner-occupiers and investors.

mortgagebusiness
CBA removes banking fees for SMEs

The Commonwealth Bank of Australia has committed to a series of decisions geared towards making small business lending and banking easier and more transparent.

CBA
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