Lender

While a majority of mortgage-holders would like to switch lenders, many have become “mortgage prisoners” as a result of COVID-19, according to research.

Clearance rates across major capital cities have once again risen, proving the continuous recovery of the property market following the COVID-19 outbreak.

A digital bank has questioned the viability of lender cashback offers for borrowers and has argued for the need to offer a robust banking proposition beyond home lending.

The non-bank lender has reported a significant decline in the number of customers on loan payment deferrals, and a slight rise in home loan AUM.

Auswide Bank has announced that its chairman will retire at the end of the year, with a new successor named to replace him.

Owner-occupiers and first home buyers have powered a rise in housing finance, while Queensland has taken the lead in housing finance growth, according to new data.

The major bank’s book continued to grow in the three months to September, but profits dropped 16 per cent as loan loss provision increase due to COVID.

The non-bank lender has priced its third non-conforming securitisation and fourth RMBS deal since June.

More lenders have announced changes to their interest rates for home loan and small-business customers after the RBA decided to cut the official cash rate last week.

P&N Group has appointed a chief information officer and a chief people officer to its executive team as the group implements its new five-year strategy.