Lender

Mortgage delinquencies will rise over the first half of 2021 as support measures expire but will decline later in the year as the economy improves, according to new analysis.

The non-major bank has priced a three-year senior unsecured floating rate note tranche, which it says will assist with “growth in its housing and consumer loan portfolio”.

A big four bank has announced that it will combine its consumer and business divisions into one division later this month.

Despite a surging mortgage market, bank profits dropped by over a third in the calendar year 2020, new APRA stats show.

Several MPs went head-to-head at the second reading debate in the Houses of Parliament, with members of the Opposition particularly concerned over the impact of the repeal of responsible ...

The non-major bank has completed the final stage of its equity raising, with the proceeds to be used to fund the acquisition of ME Bank for $1.325 billion.

The non-bank lender has reduced rates by up to 88 bps and waived some of its fees across its Prime Alt Doc range of home loans, effective 15 March.

The lender said it has shelved plans to offer an offset with its residential SMSF lending product after receiving advice that such products may “fall foul” of superannuation laws.

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

Several consumer groups have condemned the Senate committee’s backing of the repeal of RLOs, calling it a “recipe for economic disaster”.