Lender

The business lender has appointed two board members while also announcing the departure of another member.

Gateway Bank has today unveiled a Monthly Premium LMI offering to help those with low deposits access a mortgage sooner.

The lender has said its cash earnings will be reduced in 1H21 due to notable items, including write-down of goodwill related to lender’s mortgage insurance.

A newly listed non-bank lender has said that the fund will help grow its “instalments lending business”, including by expanding its BNPL platform.

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

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.