Lender

The COVID-19 early release of super payment was mainly used by households to pay their mortgages or rent, according to new figures.

Two lenders have announced extensions on their cashback offers for purchases and refinances on home loan applications.

Home loan platform Tic:Toc has suggested that software-as-a-service offerings could help relieve larger lenders of the turnaround delays they are currently facing.

While the bank posted marginal loan book growth, the group reported net outflows in its wealth management and AMP Capital divisions.

The ACCC has cleared the way for the parent company of Compare the Market, Innovation Holdings Australia, to increase its stake in competitor iSelect.

The non-bank lender will plant 21 trees for every employee in Australia, New Zealand and the Philippines, in celebration of its 21st anniversary.

The major bank has revealed that the bank has been unable to contact hundreds of borrowers on COVID-19 deferrals, noting that the majority of these people are investors.

The major bank has announced the closure of 15 regional branches, citing customer shift away from branches and into remote banking.

The major bank’s CEO pointed to “much lower” levels of leverage in the housing market compared with previous price peaks when questioned on macro-prudential tightening of lending standards

Promoted by Oak Capital This month saw the launch of Australia’s newest and truest alternative lender – and it’s a name you might already know…